BEML and Wipro infrastructure Engineering (WIN) signed a Memorandum of Understanding (MoU) to work together in Aerospace, Industrial Automation, 3D Printing, Artificial Intelligence, and Hydraulic System Engineering. This is a first of its kind MoU for Wipro Infrastructure Engineering with a large Public Sector Enterprise in India.

The MoU entails working together on projects, products, systems, services and projects in Defence,DRDO Labs, DPSUs and other relevant government entities in India as well as export customers. Keyfocus areas include aerospace components and parts through SEZ, metal additive manufacturingand design optimization for new critical aggregates, legacy components & spares, and processautomation.

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BEML has set up Bogie Traction Motor Run test facility for Metro at its Metro manufacturing unit at Bangalore. The indigenously developed facility is one of its kind in India, will help in improving metro train ride quality and increases the reliability of coaches. This will run on electrical drive type for checking the drive from Traction Motors to Wheels.

It may be recalled that BEML had supplied 150 metro cars to BMRCL which are running as 3 car train sets.

In addition to above, against a contract of 192 cars, BEML so far supplied 105cars for conversion into 6 cars train sets and balance are being deliveredprogressively by June 2020 which is helping in decongestion of Bangalore traffic.

BEML is currently supplying world class metro cars to Kolkata and Mumbai inaddition to cars already supplied to Bangalore, Delhi and Jaipur. BEML is theleading manufacturer with 48% market share in Indian Metro segment

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BEML announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2019.

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Bharat Heavy Electricals Ltd, Yes Bank Ltd, Navkar Corporation Ltd and IIFL Finance Ltd are among the other losers in the BSE's 'A' group today, 13 August 2019.

BEML Ltd crashed 12.80% to Rs 711.75 at 14:49 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 74860 shares were traded on the counter so far as against the average daily volumes of 40044 shares in the past one month.

Bharat Heavy Electricals Ltd lost 11.25% to Rs 50.5. The stock was the second biggest loser in 'A' group.On the BSE, 23.62 lakh shares were traded on the counter so far as against the average daily volumes of 8.47 lakh shares in the past one month.

Yes Bank Ltd tumbled 9.50% to Rs 74.3. The stock was the third biggest loser in 'A' group.On the BSE, 115.16 lakh shares were traded on the counter so far as against the average daily volumes of 106.13 lakh shares in the past one month.

Navkar Corporation Ltd fell 8.42% to Rs 25.55. The stock was the fourth biggest loser in 'A' group.On the BSE, 68916 shares were traded on the counter so far as against the average daily volumes of 46481 shares in the past one month.

IIFL Finance Ltd corrected 8.32% to Rs 113. The stock was the fifth biggest loser in 'A' group.On the BSE, 4948 shares were traded on the counter so far as against the average daily volumes of 3848 shares in the past one month.

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