BEML Shares Rise on Chennai Metro Order

28 Nov 2024 , 02:07 PM

When the state-owned BEML announced that it had won an order for Rs 3,658 crore from Chennai Metro Rail for a comprehensive contract for 15 years, its shares surged 3.6% to reach their day’s high of Rs 4,338.95 on the BSE.

The company stated in an exchange filing that on November 27, 2024, M/s. Chennai Metro Rail Limited awarded BEML a contract for the “Design, Manufacture, Supply, Testing, Commissioning, Training of Personnel and Comprehensive Maintenance Contract for Fifteen Years of Standard Gauge Metro Rolling Stock (Electrical Multiple Units) and Depot Machinery & Plant” in accordance with Regulation 30 read with Schedule III of the SEBI (LODR) Regulation, 2015.

The business declared last week that it has secured an order from Central Coalfields for 48 BH60M Rear Dump Trucks, valued at Rs 246.78 crore.

A significant order of Rs 246.78 crore has been obtained by BEML Limited, a prominent Public Sector Undertaking under the Ministry of Defence, Government of India (CCL). 48 brand-new BH60M rear dump trucks, as well as consumables and spare parts for a period of one and four years and full after-sales service support, are part of the order, the company said.

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