BEML And HEC Sign Pact to Manufacture Mining Equipment

Bharat Earth Movers Ltd (BEML) and Heavy Engineering Corporation (HEC) have signed pact for making mining equipment. The MoU will result into additional Rs 150-200 crore revenue for both PSUs. 
It will reduce working capital and create capability for high capacity equipment. The mining products could be co-branded and will come under ‘Make in India’ initiative. Coal India is a major client for this mining equipment. 
Source- The Moneycontrol