Introduction:
Leading defence manufacturer has secured an INR 83.51 crore order from the Ministry of Defence to supply a 50-ton trailer designed for battle tank transportation, highlighting its expertise in delivering advanced, indigenous solutions for India’s military infrastructure.
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Share price movement of BEML:
On December 11, 2024, BEML Ltd opened at ₹4,406.35, up 0.99% from its previous close of ₹4,363.00. The stock reached a high of ₹4,548.70 and a low of ₹4,385.00. By 12:20 PM, it traded at ₹4,496.65, a 3.06% increase, with a market cap of ₹18,726.07 crore.
BEML secures defence contract:
BEML Ltd has secured a major order worth INR 83.51 crore from the Ministry of Defence to supply a 50-ton trailer designed for battle tank transportation. This order underscores the company’s strength in providing indigenous, advanced solutions for India’s defence sector.
The 50-ton trailer is specifically engineered for durability and stability, featuring 12 twin-wheels and a 50-ton payload capacity. It is designed to be towed by the BEML HMV 8×8 vehicle, making it ideal for challenging terrains and heavy-duty applications in military logistics.
Key features of the trailer include a steerable turntable for 55-degree rotation, advanced air brake systems, and an efficient loading system with fixed, hinged, and loose ramps. This contract emphasizes BEML’s capability to deliver critical defence infrastructure components.
Recent news on BEML:
As of November 28, 2024, BEML Limited was awarded a ₹3,658 crore contract by Chennai Metro Rail Limited for designing, manufacturing, and supplying 210 metro cars. The contract also includes a 15-year maintenance agreement for advanced metro operations.
Stock performance of BEML for Period of 1 week, 6 months and 1 year:
BEML Ltd has shown a positive return of 1.98% over the past week, despite a 7.49% decline over the last six months. However, the stock has gained an impressive 74.2% over the past year.
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Shareholding pattern of BEML:
All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
Promoter | 54.00% | 54.00% | 54.00% |
FII | 5.70% | 6.80% | 9.90% |
DII | 18.50% | 20.20% | 17.80% |
Public | 22% | 19.10% | 18.30% |
About BEML:
BEML Ltd. (NSE: BEML) is a public sector enterprise under the Ministry of Defence, specializing in manufacturing defence equipment, mining machinery, and rail coaches. It operates manufacturing units in Bengaluru, Kolar Gold Fields, Mysuru, and Palakkad.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.