Shares of BEML jumped 7% and hit an intraday high of Rs 3,367.90 on 28 March after the company announced receiving a contract worth Rs 405 crore from Bengaluru Metro Rail Corporation Limited (BMRCL).
The contract under Bengaluru Metro Rail Projects includes comprehensive maintenance and staff training for a maximum of fifteen (15) years, as well as the design, production, delivery, installation, testing, and commissioning of standard gauge metro vehicles.
BEML announced plans to construct a mining equipment manufacturing factory in Chhattisgarh in the interim. This plant will primarily produce dump trucks, water sprinklers, and high-performance motor graders. According to the corporation, this will satisfy the rising demand in the mining and infrastructure sectors.
BEML, a well-known multi-technology “Schedule A” company under the Ministry of Defense, is vital to India’s primary industries, which include mining, construction, rail, power, and defence, thanks to its excellent products.
On 12 March 2025, Siemens India and BEML signed a non-binding Memorandum of Understanding (MoU) to jointly explore opportunities in the semi-high-speed and suburban passenger train segments, as well as the metro and commuter rail markets.
Additionally, BEML and Dragflow S.R.L., Italy Forge, signed an MOU to Strengthen Indigenous Dredging Solutions.
Last month, BEML and a renowned South Korean company, STX Engine, signed a strategic partnership to jointly develop, manufacture, and market battle tank engines, marine engines, spare parts, and engine aggregates. The agreement involves engine component servicing and maintenance to suit India’s defence needs, in addition to looking into export opportunities to friendly nations.
At 3:30 pm, the shares of BEML closed 2.85% higher at Rs 3,230 on NSE.
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