Introduction:
Leading engineering company has secured a ₹2,501 crore contract from Chennai Metro Rail Limited. The deal includes the design, supply, testing, and long-term maintenance of standard gauge metro rolling stock, enhancing the company’s presence in urban transportation.
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Share price movement of BEML:
On November 28, 2024, BEML Ltd. opened at ₹4,201.00, up 0.31% from ₹4,187.90. The stock reached a high of ₹4,338.95 (2.00%) and a low of ₹4,185.80. By 12:48 PM, it traded at ₹4,271.45, a 2.00% increase, with a market cap of ₹17,788.24 crore.
BEML secures ₹2,501 Cr contract:
BEML Limited has secured a significant contract from Chennai Metro Rail Limited, valued at approximately ₹2,501 crores. The contract includes the design, manufacture, supply, testing, commissioning, and personnel training for the standard gauge metro rolling stock.
The scope of the contract also includes the provision of a comprehensive maintenance contract for 15 years, covering depot machinery and plant. BEML Limited will be responsible for ensuring the smooth functioning and longevity of the metro system’s rolling stock.
This contract highlights BEML’s growing role in urban transportation infrastructure. The deal marks another milestone in the company’s expansion, strengthening its position in the metro rail sector.
Recent news on BEML:
As of November 26, 2024, BEML plans to target nearly 65% of its revenue from sunrise sectors like rail, metro, and defence within the next two years. The company sees these sectors as key growth drivers, contributing 60–65% to its future revenue.
Stock performance of BEML for Period of 1 week, 6 months and 1 year:
BEML Limited has seen a 12.6% return over the past week, signaling positive short-term performance. While its six-month return is down by 4.81%, the company has achieved impressive long-term growth, with a 70.6% increase 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 | 21.80% | 19.10% | 18.30% |
About BEML:
BEML Limited (NSE: BEML) is a leading public sector company in India, specializing in manufacturing heavy equipment for sectors like defense, railways, and mining. It focuses on innovation and advanced technology to meet infrastructure and defense sector needs.
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 quote
