Friday 19 July 2013

BEML gains on bagging order worth Rs 747 crore from DMRCL

BEML is currently trading at Rs. 178.25, up by 5.35 points or 3.09% from its previous closing of Rs. 172.90 on the BSE.

The scrip opened at Rs. 177.95 and has touched a high and low of Rs. 180.50 and Rs. 176.85 respectively. So far 19,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 368.00 on 19-Jul-2012 and a 52 week low of Rs. 136.30 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 175.80 and Rs. 162.40 respectively. The current market cap of the company is Rs. 742.00 crore.

The promoters holding in the company stood at 54.03% while Institutions and Non-Institutions held 27.02% and 18.95% respectively.

BEML, a premier Public Sector Company under the Ministry of Defence, has bagged a new order worth Rs 747 crore from Delhi Metro Rail Corporation (DMRCL). The order is for manufacture and supply of 92 sets of standard gauge metro cars for the phase III, RS-9 project of DMRCL. This order will boost the present order book position of the company to Rs 6,400 crore.

In addition to this, orders for manufacture and supply of standard gauge driverless metro cars for MRTS Phase-III project from DMRCL and orders for mainline passenger coaches and stainless steel sub-urban trains are on the anvil.

About BEML LTD:
BEML (formerly Bharat Earth Movers) was established for undertaking manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex.

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