Shares of BEML surged nearly 5%, trading 4.67% higher at ₹3,895.40 on NSE as of 9:50 AM, after the state-owned company announced it had won a significant contract to develop India’s first high-speed bullet train. The stock rallied up to 8% earlier in the session, hitting a high of ₹4,009.25 on the BSE.
BEML secured an ₹866.87 crore contract from the Integral Coach Factory (ICF) in Chennai to design, manufacture, and commission two high-speed trainsets. Each trainset will consist of eight cars, with the cost per car at ₹27.86 crore. The contract covers design, development, and additional costs for jigs, fixtures, and testing facilities.
The company will produce the trainsets at its Bengaluru rail coach complex, with delivery expected by the end of 2026. These indigenously designed trainsets will be capable of reaching testing speeds of up to 280 km/h and will include modern amenities such as air-conditioned chair cars, reclining and rotatable seats, facilities for passengers with limited mobility, and onboard infotainment systems.
This marks a major milestone in India’s high-speed rail development, positioning BEML at the forefront of the country’s rail innovation.
