BEML and Kamaz Vectra sign MoA

BEML and Kamaz Vectra sign MoA

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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