BEML rises on bagging orders from Ministry of Defence
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BEML is currently trading at Rs. 3183.55, up by 11.20 points or 0.35% from its previous closing of Rs. 3172.35 on the BSE.
The scrip opened at Rs. 3264.20 and has touched a high and low of Rs. 3269.95 and Rs. 3174.00 respectively. So far 17053 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3315.75 on 08-Jan-2024 and a 52 week low of Rs. 1129.10 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3315.75 and Rs. 2710.05 respectively. The current market cap of the company is Rs. 13283.76 crore.
The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 25.82% and 20.15% respectively.
BEML has bagged orders from Ministry of Defence for supply of Mechanical Minefield Marking Equipment Mark-II. The orders are valued at approximately Rs 329.87 crore. Earlier, the company had received contract for export order from KAMSS, Russia, for BEML Dozer BD355 valuing $19.71 million.
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.
