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BEML rises on receiving variation order of Rs 261.65 crore
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BEML is currently trading at Rs. 1307.90, up by 20.95 points or 1.63% from its previous closing of Rs. 1286.95 on the BSE.
The scrip opened at Rs. 1308.00 and has touched a high and low of Rs. 1314.30 and Rs. 1300.85 respectively. So far 463 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2084.00 on 07-Dec-2021 and a 52 week low of Rs. 1106.40 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1336.80 and Rs. 1280.00 respectively. The current market cap of the company is Rs. 5359.44 crore.
The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 24.66% and 21.32% respectively.
BEML has received variation order of 3Ph MEMU for 88 cars valuing Rs 261.65 crore approximately. This variation order includes supply of 22 Nos. of Motor Coaches and 66 Nos. of Trailer Coaches. Supplies are expected to be completed by July 19, 2023.
BEML a leading mining and construction equipment manufacturer has designed and developed indigenously over 40 products through its R&D, and are not only working in India but also in 65 countries around the world.
