BEML surges on inking three MoUs with Dredging Corporation of India
BEML is currently trading at Rs. 4488.90, up by 48.45 points or 1.09% from its previous closing of Rs. 4440.45 on the BSE.
The scrip opened at Rs. 4450.00 and has touched a high and low of Rs. 4500.00 and Rs. 4430.00 respectively. So far 121 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4874.85 on 23-Jun-2025 and a 52 week low of Rs. 2346.35 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 4535.00 and Rs. 4277.00 respectively. The current market cap of the company is Rs. 18492.03 crore.
The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 24.35% and 21.61% respectively.
BEML has entered into three non-binding Memorandums of understandings (MoUs) for a value of Rs 350 crore with Dredging Corporation of India (DCIL). The MoUs are for Building of 5 nos. of Inland Cutter suction dredgers of different capacity under ‘ATMANIRBHAR’ Bharat Mission; Supply of Cable dredgers & Long reach excavators with Dredge pump and customised dredging solutions for Dams / Reservoirs /Lakes etc dredging /de-siltation works; and Supply of Indigenous spares for DCIL dredgers.
BEML is a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment.
