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BEML and Kamaz Vectra sign MoA

Last Updated 26 February 2010, 14:08 IST

By this strategic alliance, BEML and Kamaz Vectra will develop and supply 4x4 Stallion Type of Vehicles for on-road application satisfying the specifications of Defence Forces, Paramilitary and Police Forces.

Besides BEML will work with Kamaz Vectra to source chassis and vehicle to market their BEML tippers, a BEML release said in Bangalore on Friday.

The MoA was signed on Thursday in the presence of Rustam N. Minnekhanov, Prime Minister of Tatarstan Republic by BEML CMD  V R S Natarajan and Denis E Trifonoff, Director General of KAMAZ Tatarstan.

BEML is set to achieve a target of Rs 3500 Crore for the current financial year and poised to reach a turnover of Rs 5000 crore during 2013-14 coinciding with its golden jubliee year. Such alliances would help BEML to grow and achieve the Corporate Growth Plans, it said.

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(Published 26 February 2010, 14:08 IST)

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