BEML Limited’s stock witnessed a 2% surge following its announcement of securing a significant contract worth approximately ₹3,658 crore crore from Chennai Metro Rail Limited. This milestone order involves the design, manufacture, supply, testing, commissioning, and maintenance of standard gauge metro rolling stock (electrical multiple units) and depot machinery and plant.
As part of the agreement, BEML will also provide training and comprehensive maintenance services for 15 years, showcasing its commitment to delivering long-term value. This order bolsters BEML’s position in India’s urban transportation sector and aligns with its strategic focus on metro rail projects.
The news has positively impacted the stock, which opened at ₹4,200.00, reached a day high at ₹4,339.00 and hit a low of ₹4,185.45 during the trading session.
As of 11:34 am, BEML shares were trading 2.68% higher at Rs 4,301.00 on the NSE.
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