BEML shares rise 2% after securing Rs 180 crore Vande Bharat sleeper order
BEML shares gained nearly 2% after the company secured a Rs 180.60 crore order from Integral Coach Factory for manufacturing and supplying Vande Bharat sleeper trainsets. The order adds to BEML’s recent order wins, including contracts from Mauritius and Hindustan Aeronautics, strengthening its order book and presence across rail, defence and international markets.
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.
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- BEML gets another ticket to Vande Bharat story economictimes.indiatimes.com
