BEML gets another ticket to Vande Bharat story

On Wednesday, BEML's shares soared nearly 2% to reach their day's peak of Rs 2,006 on the NSE after the firm clinched a Rs 180.6 crore Vande Bharat sleeper trainset order. According to the company's filing with the exchange, it secured the additional contract for manufacturing and supplying Vande Bharat (Sleeper) trainsets from Integral Coach Factory (ICF).

The order specifies the production and delivery of Vande Bharat sleeper trainsets, and ICF is one of Indian Railways' key production units. This marks the third substantial order for BEML within a month. On August 14, the company received a USD 6.65 million order from Mauritius for supplying BE220G Hydraulic Excavators to various African markets.

Additionally, on August 11, BEML secured a Rs 184.25 crore contract with Hindustan Aeronautics Limited (HAL) for manufacturing and supplying Light Combat Helicopter fuselage aerostructures. BEML's stock has risen 13.82% in the past month and 7.84% in the current calendar year, with a significant 59.69% increase over the last three years and an impressive 197% gain over the past five years.