Miniratna PSU BEML bags ₹282 crore HMV order from Ministry of Defence; shares closed flat
HMV, also known as Heavy Mobility Vehicle, in this order update, in an 8x8 configuration, is a high-capacity military transport which is usually used for multiple purposes, including transporting missiles, tanks, or other heavy equipment.
'We hereby inform that BEML Limited has bagged order from the Ministry of Defence for supply of HMV 8X8 with contract value of ₹ 282 crores approximately,' the company informed BSE through the filing.
In July 2025, the State-owned company's board of directors announced a stock split in the ratio of two equity shares with the face value of ₹ 5 apiece for every one share an investor holds in the company at a face value of ₹ 10 apiece.
Stock split 'of existing 1 Equity Share of face value of ₹ 10/- each fully paid up into 2 Equity Shares of face value of ₹ 5/- each fully paid up, subject to shareholders' approval,' the company informed BSE through the filing.
The record date for the stock split will be announced at the company's upcoming board meeting on 11 August 2025. On the same day, BEML will also announce its April-June quarter results for the financial year 2025-26.
BEML share price closed flat with 0.20% gains at ₹ 3,995.30 after Tuesday's stock market session, compared to ₹ 3,987.35 at the previous market close. The company announced the order book update after the market operating hours on Monday, 4 August 2025.
The shares of the Miniratna PSU have given stock market investors more than 505% returns on their investment in the last five years. However, the shares have lost 4.86% in the last one-year period.
On a year-to-date (YTD) basis, the shares are down 3.46% in 2025 and are trading 1.12% lower in the last five market sessions on the Indian stock market.
BEML shares hit their 52-week high level at ₹ 4,874.85 on 23 June 2025, while the 52-week low level was at ₹ 2,346.35 on 3 March 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) was at ₹ 16,638.23 crore as of the stock market close on Tuesday, 5 August 2025.
Read all stories by Anubhav Mukherjee
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
3 minutes ago
- Time of India
Jane Street blow pushes Indian quants to ancient Greek idea to thrive
Quant traders often look for inspiration from the likes of Ed Thorp or Ken Griffin. But the Indian quants, at least for now, are looking up to the ancient Greeks. Because the battlefield isn't the trading floor, but a different one. As quant strategies draw growing attention — and scrutiny — post the Jane Street episode, over 200 practitioners from across the country gathered earlier this month in Gurugram to address common challenges and chart
Hindustan Times
3 minutes ago
- Hindustan Times
PM Narendra Modi says economy strong, seeks self-reliance in tech
India is the world's fastest-growing major economy and is rapidly moving towards becoming a global leader, Prime Minister Narendra Modi said in Bengaluru on Saturday, days after US President Donald Trump described the country's economy as 'dead' amid escalating trade tensions between the two nations. PM Narendra Modi with Karnataka CM Siddaramaiah, deputy CM DK Shivakumar, and Union minister Manohar Lal during a Metro ride in Bengaluru on Sunday. (ANI) Addressing a public gathering after inaugurating the 19-kilometre Yellow Line of the Bengaluru Metro, Modi said India was on track to become one of the world's top three economies as he credited the country's economic momentum to the central government's 'reform, perform, transform' approach. 'India is currently the fastest-growing major economy in the world. In the past eleven years, India's economy has risen from the 10th position to the top five globally and is rapidly progressing towards becoming one of the top three economies,' he said. The PM's endorsement of the country's economic growth came after Trump, on July 30, announced 25% punitive tariffs on Indian goods entering America for purchasing Russian oil. A day later he again targeted India, saying, 'I don't care what India does with Russia… They can take their dead economies down together, for all I care.' On August 6, he signed an executive order imposing an additional 25% tariff on Indian goods. India has called the American actions 'unfair, unjustified and unreasonable' and said it will take all actions necessary to protect its national interests. In his address, Modi also called for the country to accelerate its self-reliance in the technology sector as he pressed for a stronger 'Tech Atmanirbhar Bharat'. 'Indian tech companies have made their mark on the global stage. They have built software and products for the world. The time has come to give greater priority to the needs of India. We must move forward in manufacturing new products,' he said. The statement was in line with his August 2 remarks in which he called on citizens to adopt the spirit of 'swadeshi' and support locally made products, stressing that true service to the nation lies in promoting indigenous goods amid global economic uncertainties. The additional 25% tariffs, due to take effect on August 27, will put Indian exporters at a significant disadvantage compared to their rivals in Bangladesh, Indonesia and Vietnam – which face tariffs of between 19% and 20%. In his speech, Modi said that the country's rapid pace of development was linked to its economic growth as he focused on the rise of the country's exports. 'Before 2014, India's total export was $468 billion, but today it is $824 billion. We used to import mobile phones but now we are among the top five exporters of mobile handsets. Our electronic export before 2014 was $6 billion, which has gone up to $38 billion dollars,' Modi said. He added: 'These achievements give strength to our concept of Atmanirbhar Bharat (self-reliant India). We will march together and build a developed India.' Karnataka chief minister Siddaramaiah, deputy chief minister DK Shivakumar, Union ministers Manohar Lal Khattar and Ashwini Vaishnaw were also present on the occasion. During his visit, the PM also laid the foundation stone for the Bangalore Metro Phase-3 project and flagged off three Vande Bharat Express trains as he underscored the country's growing infrastructure footprint across sectors by highlighting the increase in the number of metro rail services, railway lines, airports, AIIMS and IITs. This was the first time Modi visited Bengaluru since Operation Sindoor, India's military action against terror hubs in Pakistan and Pakistan Occupied Kashmir (PoK) in retaliation to April's Pahalgam attack, in which 26 civilians were killed. Modi credited the success of the operation to indigenous defence technologies. 'A key factor in the operation's success was 'Make in India' in defence, which had immense contribution from the youth of Karnataka and Bengaluru,' he said. I congratulate the youth of this state,' he said, adding that Pakistan, which 'came to defend the terrorists', was forced 'to its knees' within hours. Praising the city's global standing, he called Bengaluru 'a city that has become a symbol of the rise of the new India… A city that has put India's flag on the global IT map. If there is anything behind Bangalore's success story, it is the hard work and talent of its people.' Siddaramaiah, who spoke before Modisaid the state has been spending more than the Centre on Bengaluru's metro network, even though the project is meant to be jointly funded. 'Works for the Bengaluru Metro started in 2005 when Dr Manmohan Singh was the Prime Minister, and the agreement was to take up works in a 50:50 fund ratio. However, the state's contribution to building the metro is high,' he said, urging the Centre to match Karnataka's funding model with that of Maharashtra and Gujarat. In response, Modi called for cooperation over political rivalry. 'Whether it is the central government or the state government, all are committed to serving the people,' he said.
Economic Times
3 minutes ago
- Economic Times
Jane Street blow pushes Indian quants to ancient Greek idea to thrive
Quant traders often look for inspiration from the likes of Ed Thorp or Ken Griffin. But the Indian quants, at least for now, are looking up to the ancient Greeks. Because the battlefield isn't the trading floor, but a different one. As quant strategies draw growing attention — and scrutiny — post the Jane Street episode, over 200 practitioners from across the country gathered earlier this month in Gurugram to address common challenges and chart
