One of the small-cap railway/defence stocks engaged in manufacturing a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defence forces, and coaches for the metro and Indian Railways.
The stock has jumped after receiving an order value of Rs. 246.78 crore from Central Coalfields Limited for the supply of 48 state-of-the-art BH60M rear dump trucks.
Stock Movements
On Thursday’s trading session, BEML Limited’s share is positive by 0.19% from the previous close of Rs. 3,700.10. The stock opened at Rs. 3,746 and is currently trading at Rs. 3,707, with a high of Rs. 3,748.05 and a low of Rs. 3,634. The market capitalization now stands at approximately Rs. 15,437.62 crore.
What happened
BEML Limited has secured a substantial order worth Rs. 246.78 crore from Central Coalfields Limited (CCL). The order includes the supply of 48 state-of-the-art BH60M rear dump trucks, along with spares, consumables, and comprehensive after-sales service support.
The BH60M Rear Dump Truck is a high-performance vehicle powered by a Cummins engine delivering 480 kW (644 FHP) at 2000 rpm, paired with an advanced Allison transmission.
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Business Verticals
BEML operates across three core verticals, which include Mining & Construction, which offers equipment like excavators and dump trucks, Defence & Aerospace, which specializes in military vehicles and recovery systems, and Rail & Metro, which manufactures rail coaches, metro cars, and track-laying equipment, driving infrastructure, and defence advancements.
Manufacturing Facilities
BEML Limited has a strong manufacturing presence across India, with facilities strategically located in Kolar Gold Fields, Bangalore, Mysore, Palakkad, and Tarikere (through its subsidiary Vignyan Industries Ltd.).
Product Portfolio
The company’s product portfolio contains heavy earth-moving machinery, rail coaches and metro cars, defence vehicles and equipment, as well as mining machinery. The company has delivered over 18,000 passenger railway coaches and 1,650 metro cars to various metro corporations across India.
Company Overview
BEML Limited, formerly known as Bharat Earth Movers Limited, is a significant Indian public sector undertaking established on May 11, 1964. The company is headquartered in Bangalore and operates under the administrative control of the Ministry of Defence, Government of India.
BEML is recognized as Asia’s second-largest manufacturer of earth-moving equipment and plays a crucial role in various core sectors, including defence, railways, power, mining, and infrastructure.
Written By – Nikhil Naik
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