Miniratna PSU Company Under Ministry Of Defence Bagged Orders Worth Rs 385 Crore, Shares Rally 2.60%

BEML Limited, today, Jun 28, 2023, informed the exchange that it has bagged orders from BDL and BEL for the supply of High Mobility vehicles (HMV). The Total Contract value is Rs 385 Crores.

BEML is a Miniratna Status PSU that operates in the construction vehicle industry. With a market valuation of Rs 6,715.38 crore, it is a midcap company.

Order

"Pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulation, 2015, we hereby inform that BEML Limited has bagged order from BDL and BEL for supply of High Mobility vehicles (HMV). Total Contract value is Rs 385 Crs," the company said in an exchange filing.

Stock Movement

Meanwhile, the shares of BEML last traded 2.60% higher on BSE, ended at Rs 1612.55 apiece. The Hit its new 52-week high on Jun 21, 2023, at Rs 1749 apiece and 52 week low on Jun 28, 2022, at Rs 1022,90 apiece, respectively.

The stock declined 1.75% in the past 1 week. It jumped 13.24% in the past 1 month, and 29.03% in 3 months, respectively. The stock gave 52.58% positive return in the past 1 year, while in the past 3 years, it gave 199.49% positive return. It has given 140.95% positive return.