BEML Ltd. (Bharat Earth Movers Limited) witnessed a 3% rise in its stock price during early trading today after the company received approval from the Government of Madhya Pradesh for the allotment of 60.063 hectares (approximately 148 acres) of land in Umeria, Raisen district.
This strategic move is set to bolster BEML’s manufacturing capabilities, particularly for the production of railway and metro rolling stock. The new facility, which will be built on the allotted land, will focus on constructing coaches and rolling stock for metro and railway projects. This expansion is expected to significantly enhance BEML’s production capacity and provide a critical boost to the “Make in India” initiative.
The facility will not only strengthen local manufacturing but also play a pivotal role in generating employment opportunities in the region, supporting the government’s vision of self-reliance and economic growth.
BEML Ltd. opened at ₹3,159.30 with a high of ₹3,188.70 and a low of ₹3,132.10 on the trading day. The stock has experienced a 52-week high of ₹5,488.00 and a 52-week low of ₹2,350.00.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
