BEML announced that it had received a letter of acceptance from Bangalore Metro Rail Corporation to supply 5Rs-DM, which is valued at approximately Rs 3,177 crore.

Shares of BEML opened at Rs 2,127.00 or 6.1% above its previous close on the early morning trade of 8 August and reached an intraday high of Rs 2,134.50, creating a new 52-week high after the company secured the order.

Previously the company had bagged an order from BDL and BEL to supply high-mobility vehicles for a total order value of Rs 385 crore.

The company has even scheduled a meeting for the board of directors to meet on 11 August to consider and approve the financial results for the April-June quarter of the current fiscal year.

At 9:52 am, the shares of BEML were trading at Rs 2,087.45 or 4.13% above its previous close of Rs 2,004.70 on NSE.