BEML partners with South Korea’s STX Engine to co-develop battle tank and marine engines

State-owned BEML Ltd on Tuesday (February 11) said it has signed a strategic partnership with South Korea’s STX Engine to co-develop, manufacture, and market battle tank engines, marine engines, spares, and engine aggregates. The agreement includes servicing and maintenance of engine components, further enhancing India’s self-reliance in defence manufacturing.

By combining BEML’s engineering excellence with STX Engine’s expertise in engine technology, the partnership is poised to drive innovation, reduce import dependency, and build a robust domestic manufacturing ecosystem. As part of this alliance, BEML will optimise production processes tailored to specialized engine manufacturing, while also accelerating localisation and indigenisation initiatives.

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This milestone partnership marks a significant leap in India’s self-reliance in critical defence technologies, setting the stage for a resilient and future-ready defence infrastructure. Together, BEML and STX Engine are committed to delivering cutting-edge solutions aligned with India’s national security objectives, strengthening defence preparedness on the global stage.Shantanu Roy, CMD of BEML, said, “This collaboration is a testament to BEML’s commitment to strengthening India’s indigenous defence and maritime capabilities, in line with the vision of ‘Aatmanirbhar Bharat.’ By integrating our engineering excellence with STX Engine’s advanced technology, we aim to drive innovation, reduce import dependency, and build a robust domestic manufacturing ecosystem.”

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Shares of BEML Ltd ended at ₹2,941.25, down by ₹145.10, or 4.70% on the BSE.