BEML Limited saw a 3% surge in its share price after signing two strategic Memorandums of Understanding (MoUs) to expand its footprint in the rail and dredging sectors. As of 10:15 AM, the shares were trading 3.46% higher at Rs 2,576.25.
The company entered a non-binding MoU with Siemens Limited, India, to explore opportunities in the semi-high-speed rail, suburban passenger trains, metro, and commuter rail markets. This collaboration aims to enhance India’s rail infrastructure with advanced solutions.
In addition, BEML signed another MoU with Dragflow S.R.L., Italy, to boost indigenous dredging solutions. This partnership aligns with India’s focus on self-reliance in key infrastructure sectors.
The latest agreements reinforce BEML’s commitment to technological innovation and market expansion, further strengthening its position in the transportation and heavy engineering industries.
BEML shares opened at ₹2,530, hitting a high of ₹2,577 and a low of ₹2,470. The stock remains volatile, with a 52-week high of ₹5,488 and a low of ₹2,350.
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