BEML shares surge nearly 3% on securing ₹136 crore defence contract and ₹83.51 crore trailer order

Shares of BEML Limited saw a rise of nearly 3% during Wednesday’s trading session after the company announced securing significant defence contracts. BEML, a prominent Defence Public Sector Undertaking, revealed it has received a ₹136 crore order from the Ministry of Defence for the supply of indigenously designed High Mobility Vehicles (HMV) 8×8 for use in the Battle Field Surveillance System (BFSS) project. These vehicles, with advanced capabilities to function in extreme climates and high altitudes, emphasize India’s self-reliance under the Atmanirbhar Bharat mission.

Adding to its success, BEML also bagged a ₹83.51 crore contract earlier this week for the delivery of 50-tonne trailers designed to transport battle tanks. These trailers feature state-of-the-art technology, including a steerable turntable, twin-line air brakes, and high durability for challenging terrains.

Shantanu Roy, CMD of BEML, stated, “These contracts are a testament to BEML’s engineering excellence and commitment to supporting India’s defence capabilities with cutting-edge indigenous solutions.”

The stock, trading at ₹4,469, has gained 58% year-to-date and delivered 81.12% returns over the past year, reflecting strong investor confidence driven by such strategic defence initiatives.