BEML Shares Jump Over 3% after Securing Rs 405 Crore Contract from Bengaluru Metro Rail
Bengaluru Metro awarded Railway Stock a ₹405 Crore order, increasing its metro rail footprint and fostering the long-term expansion of urban transportation infrastructure.
Bengaluru Metro has placed an order for Railway Stock worth ₹405 crore. This move strengthens its position in the metro rail segment, which is also anticipated to improve growth prospects in the urban transport infrastructure industry.
Share Price Movement of BEML:
BEML Limited began at ₹3,199.80 on March 28, 2025, and rose 4% from its previous close of ₹3,140.40 to a high of ₹3,367.90, with a low of ₹3,165.80. The stock’s market value is ₹13,368.93 crores, presently trading at ₹3,210.25.
Bengaluru Metro Rail Corporation Limited (BMRCL) has awarded BEML Limited a ₹405 Crore contract. The deal covers staff training for Bengaluru Metro Rail Projects and the design, production, delivery, installation, testing, and commissioning of standard gauge metro vehicles.
For a maximum of 15 years, the contract also covers full maintenance assistance. This order reinforces BEML’s position in urban transport infrastructure and fits under its normal business activities. According to Regulation 30 of the SEBI (LODR) Regulations, 2015, the business has formally announced this modification.
BEML and STX Engine of South Korea have formed a strategic alliance. Co-development, production, and marketing of combat tank engines, marine engines, spare parts, and aggregates are the main objectives of the agreement. It also includes engine component service and maintenance to satisfy the demands of the Indian defense industry and investigate export prospects to friendly countries.
The BEML stock has performed inconsistently throughout time. It increased 12.4% during the last week, suggesting significant short-term momentum. But it fell 15.4% in the past six months and had a somewhat negative return of 1.36% over a year.
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 54.03 | 54.03 | 54.03 |
| FRI | 7.41 | 5.66 | 6.76 |
| DII | 18.1 | 18.52 | 20.15 |
| Retail & others | 20.45 | 21.78 | 19.07 |
About BEML:
BEML Limited (NSE: BEML) is a prominent Indian public sector enterprise that produces mining machinery, train coaches, metro vehicles, and defense equipment. Its indigenous engineering and manufacturing capabilities support India’s infrastructure, transportation, and defense industries.
