BEML shares gained sharply in early trade on Friday, rising as much as 5.36% to hit an intraday high of ₹2,121 per share on the BSE following a significant business development. According to reports from NDTV Profit, the stock was trading 2.61% higher at ₹2,065.50 at 9:34 am, while the BSE Sensex was up 0.13% at 74,402. The surge came after the state-owned company secured a substantial order from National High Speed Rail Corporation Ltd (NHSRCL). As per Moneycontrol, shares of BEML were trading at ₹2,087 on the NSE at 10:57 am, up 3.66% from the previous close, with the stock touching an intraday high of ₹2,121. The stock has gained 4.8% over the past month and is up 11.5% so far this year.
BEML has received an order from NHSRCL for the supply and maintenance of high-speed rolling stock and allied works for the Mumbai-Ahmedabad High Speed Rail (MAHSR) Corridor, as reported by CNBC TV18. The contract is valued at ₹5,400 crore and represents a major business development for the company, with BEML set to supply rolling stock for India's first high-speed rail corridor. According to BEML's regulatory filing, the order covers the supply and maintenance of high-speed rolling stock and allied works for the MAHSR corridor, and the company stated that the order was received in the normal course of business.
BEML Chairman and Managing Director Shantanu Roy told CNBC-TV18 last month that the company was expecting a stronger performance in the current fiscal and projected around 30% revenue growth for the year. On the order front, BEML is targeting around ₹20,000 crore in order inflows this fiscal, subject to the finalisation of key tenders, Roy said. He added that the company has order prospects worth over ₹40,000 crore across rail and metro, while additional opportunities are building up in mining, defence, construction and exports. This positions the company for significant growth across multiple sectors beyond its core rail and metro business.
BEML has secured multiple significant orders in recent months, demonstrating strong business momentum across different sectors. Earlier this month, the company secured an additional order worth ₹180.6 crore from Integral Coach Factory for the manufacture and supply of Vande Bharat (sleeper) trainsets. On August 14, BEML won an order worth $6.65 million from Mauritius to supply BE220G Hydraulic Excavators for deployment across African markets, with execution planned in phases. Additionally, on August 11, the company secured an order worth ₹184.25 crore from Hindustan Aeronautics Ltd (HAL) for the manufacture and supply of light combat helicopter (LCH) fuselage aerostructures.
