BEML partners with Sagarmala for maritime sector financial support

BEML Limited, a Schedule 'A' Company under the Ministry of Defence, Government of India, has entered into a strategic Memorandum of Understanding (MoU) with Sagarmala Finance Corporation Limited (SMFCL). This collaboration aims to unlock dedicated financial support specifically for India's domestic maritime manufacturing ecosystem.

The announcement was made via a communication to both the National Stock Exchange of India Ltd. and The BSE Limited on December 5, 2025. The company’s listing compliance department was informed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The MoU signifies BEML's commitment to strengthening the nation's maritime industry by facilitating essential financial resources for its development and growth. The news was shared by Urmi Chaudhury, company secretary & compliance officer of BEML Limited, from Bangalore.