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.