Shares of BEML jumped 7% and hit an intraday excessive of Rs 3,367.90 on 28 March after the corporate introduced receiving a contract price Rs 405 crore from Bengaluru Metro Rail Company Restricted (BMRCL).
The contract underneath Bengaluru Metro Rail Tasks contains complete upkeep and employees coaching for a most of fifteen (15) years, in addition to the design, manufacturing, supply, set up, testing, and commissioning of normal gauge metro automobiles.
BEML introduced plans to assemble a mining gear manufacturing manufacturing unit in Chhattisgarh within the interim. This plant will primarily produce dump vans, water sprinklers, and high-performance motor graders. In line with the company, it will fulfill the rising demand within the mining and infrastructure sectors.
BEML, a widely known multi-technology “Schedule A” firm underneath the Ministry of Protection, is significant to India’s main industries, which embody mining, development, rail, energy, and defence, because of its wonderful merchandise.
On 12 March 2025, Siemens India and BEML signed a non-binding Memorandum of Understanding (MoU) to collectively discover alternatives within the semi-high-speed and suburban passenger practice segments, in addition to the metro and commuter rail markets.
Moreover, BEML and Dragflow S.R.L., Italy Forge, signed an MOU to Strengthen Indigenous Dredging Options.
Final month, BEML and a famend South Korean firm, STX Engine, signed a strategic partnership to collectively develop, manufacture, and market battle tank engines, marine engines, spare components, and engine aggregates. The settlement entails engine element servicing and upkeep to go well with India’s defence wants, along with wanting into export alternatives to pleasant nations.
At 3:30 pm, the shares of BEML closed 2.85% larger at Rs 3,230 on NSE.
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