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BEML is a leading multi-technology 'Schedule A' company under the Ministry of Defence. It operates in three verticals viz. defence & aerospace, mining & construction and rail & metro. As of 30 June 2025, the Government of India held a 53.86% stake in BEML.
The company reported a consolidated net loss of Rs 64.11 crore in Q1 FY26, compared with a net loss of Rs 70.47 crore in Q1 FY25. Revenue from operations declined marginally to Rs 633.99 crore in Q1 FY26 from Rs 634.08 crore in the corresponding period of the previous year.
The MoU will allow the three companies to jointly participate in ADA’s Expression of Interest (EoI) process for the indigenous fighter programme.
Fully designed in India, the AMCA is envisioned as a stealth aircraft with super-cruise capability, advanced avionics, internal weapons bays and electronic warfare systems, placing it in the category of next-generation combat platforms.
The alliance marks a significant private-public collaboration, with engineering major Bharat Forge, defence PSU BEML and avionics specialist Data Patterns pooling their expertise to support one of India’s most ambitious defence projects.
The move also aligns closely with the government’s Atmanirbhar Bharat vision, which aims to strengthen indigenous manufacturing and reduce dependence on imports for critical defence hardware.
Shares of BEML slipped 3.46%, Data Patterns (India) dropped 3.61%, while Bharat Forge declined 2.18% on Friday, 26 September 2025.