Introduction:
Navratna stock surged after securing a ₹246.78 crore order from Central Coalfields Limited for 48 BH60M Rear Dump Trucks. The order includes spares, consumables, and after-sales support, reinforcing BEML’s commitment to innovative mining solutions and aligning with India’s self-reliance vision.
Share Price movement of BEML Ltd:
On 20 November 2024, BEML Limited (BSE: BEML) stock opened at ₹3746.00, reflecting a 1.24% increase from the previous close of ₹3700.10. It touched an intraday high of ₹3748.05 before dipping to ₹3634.00.
At 12 pm, the stock was trading at ₹3732.45, up 0.87%. The company’s market capitalization stood at ₹15,542.14 crore, showcasing steady investor confidence.
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BEML Ltd share price rise after getting a new order:
BEML Limited, a prominent PSU under the Ministry of Defence, has secured a ₹246.78 crore order from Central Coalfields Limited (CCL) for 48 BH60M Rear Dump Trucks. The order includes spares, consumables for 1+4 years, and comprehensive after-sales service support, enhancing operational efficiency.
The BH60M Rear Dump Truck, powered by a Cummins engine with 480 kW output and Allison transmission, offers a payload capacity of 54,500 kg. Designed for mining operations, it features advanced ergonomics, Orbitrol power steering, and a short turning radius for superior manoeuvrability.
Manufactured at BEML’s Mysore complex, the truck integrates safety and efficiency features like a 360-degree rear camera, Automatic Fire Suppression System, Driver Fatigue Monitor, and Productivity Monitoring. Adhering to ISO standards and DGMS guidelines, it ensures reliable performance for modern mining needs.
Shri Shantanu Roy, CMD of BEML, emphasised the company’s commitment to delivering innovative and sustainable solutions to the mining sector. This milestone reinforces BELL’s dedication to supporting critical industries, aligning with India’s vision of self-reliance and leadership in industrial innovation.
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Recent news About BEML Ltd:
On November 11, 2024, BEML Limited reported a 1.5% decline in its second-quarter profit, attributed to reduced demand for heavy machinery amid a slowdown in manufacturing activity. The company’s consolidated profit fell to ₹510.3 million, with revenue from operations decreasing by 6.2% to ₹8.6 billion.
Stock performance of BEML Ltd for Period of 1 week, 6 months and 1 year:
BEML Ltd’s stock declined by 2.43% over the past week and 19.0% over six months, reflecting short-term and medium-term challenges. However, it posted a strong 52.4% gain over the past year, showcasing long-term growth and resilience in its performance.
Shareholding pattern of BEML Ltd:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 54.03 | 54.03 | 54.03 |
| FII | 5.66 | 6.76 | 9.91 |
| DII | 18.52 | 20.15 | 17.8 |
| Retail & others | 21.78 | 19.07 | 18.27 |
About BEML Ltd:
BEML Limited, a ‘Schedule A’ company under the Ministry of Defence, serves India’s core sectors like defence, mining, and rail with cutting-edge products. Operating across three verticals, it boasts advanced manufacturing facilities, robust R&D, and a six-decade legacy of innovation.
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.
