Latest news with #BEML
News18
6 days ago
- Business
- News18
BEML, Hindustan Shipyard come together to develop advanced marine systems
New Delhi, Jul 25 (PTI) State-owned entities BEML Ltd and Hindustan Shipyard have partnered to jointly work on the development of advanced marine systems. The agreement was signed between BEML CMD Shantanu Roy and HSL CMD Hemant Khatri along with senior leadership from both organisations in the national capital. In a statement on Friday, BEML Ltd announced entering into a strategic Memorandum of Understanding (MoU) with HSL to collaborate on the co-creation of advanced marine systems encompassing innovation, indigenous design, manufacturing, and end-to-end lifecycle support. 'This collaboration with HSL marks a defining moment in our expansion into the marine sector. It is a strategic convergence of two national institutions committed to engineering excellence, indigenisation, and strengthening India's global footprint in maritime innovation," BEML CMD Roy said. Under the agreement, BEML will spearhead the design and development of specialised systems, applying its domain expertise in platform engineering and structural optimisation. BEML, under the administrative control of the Ministry of Defence, operates in three verticals – construction and mining, rail and metro, and defence and aerospace. HSL is the nation's premier shipbuilding organization, catering to the needs of shipbuilding, ship repairs, submarine construction and refits, as well as the design and construction of complex and state-of-the-art offshore and onshore structures. PTI ABI HVA view comments First Published: July 25, 2025, 21:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
7 days ago
- Business
- Hans India
Rajnath Singh to lay foundation of railway coach factory in MP's Raisen on Aug 10
Bhopal: Defence Minister Rajnath Singh is scheduled to visit Madhya Pradesh to lay the foundation of a state-of-the-art rail coach manufacturing unit in Madhya Pradesh's Raisen on August 10, an official said. In a statement on Friday, the Madhya Pradesh government stated that railway coach manufacturing project of worth Rs 1,800 will mark the beginning of a major industrial step in the state. The unit will be established by a Bengaluru-based BEML manufactures a variety of heavy equipment like earthmoving, transport, railway and mining equipment. BEML is said to be the Asia's second-largest manufacturer of earth moving equipment. The facility will be located in Umaria village, Goharganj tehsil, Raisen district, around 50 km from state capital Bhopal. The state government has allotted 60 hectares (148 acres) of land to the company. Initially, an announcement was made by Chief Minister Mohan Yadav during his visit one-day visit attend a business meet to Bangaluru earlier in May this year. Ahead of the laying down foundation stone event, a delegation led by BEML's Chairman and Managing Director Shantanu Roy along with Director (Rail and Metro) Rajiv Gupta called upon Chief Minister Mohan Yadav on Thursday. During meeting, Chief Minister was apprised that BEML Ltd has started preparations for the foundation stone-laying event. The project is being developed in collaboration with the Department of Industrial Policy and Investment Promotion, the Raisen district administration and other related agencies. During the meeting, the Chief Minister emphasised that the establishment of the unit will provide substantial employment opportunities for local youth and bring about a positive transformation in the region's economy. Principal Secretary (Industrial Policy and Investment Promotion) of Madhya Pradesh government, Raghavendra Singh, who was also present in the meeting, said that the upcoming facility is expected to generate direct and indirect employment for around 1,575 people.
Business Standard
24-07-2025
- Business
- Business Standard
BEML rebounds from recent sell-off; snaps two-month rising streak in July
BEML advanced 0.84% to Rs 4,321.50 as some value buying emerged following a recent sell-off. The stock had declined 7.22% in last six sessions to close at Rs 4,285.70 on the BSE yesterday, down from its recent closing high of Rs 4,619 that was recorded on 15 July 2025. On the weekly chart, the stock is on a three-week losing streak. It is down 1.87% so far this week, after declining 0.62% in the week ended 13 July and 2.12% in the week ended 6 July. On the monthly chart, BEML has reversed its upward trend and is currently down 3.09% in July 2025, indicating sustained selling pressure. This marks a sharp contrast to the 5.37% gain in June and the strong 33.69% rally in May. From a technical standpoint, the stocks Relative Strength Index (RSI-14) currently stands at 45.67, suggesting neither overbought nor oversold conditions. (An RSI above 70 signals overbought territory; below 30 indicates oversold.) On the daily chart, the scrip is trading below its 50-day simple moving average (SMA), which is placed at Rs 4327.02. However, it continues to trade above its 20-day and 100-day SMAs, which are positioned at Rs 3,628.97 and Rs 3,697.56, respectively. On 21 July 2025, the board of BEML Limited approved a proposal to subdivide each existing fully paid-up equity share of face value Rs 10 into two equity shares of face value Rs 5 each, subject to shareholder approval. The record date for the purpose of above sub-division of equity shares shall be decided after obtaining shareholder approval for the same. BEML expects to complete the entire stock-split process within 23 month period, from the date of shareholders' approval. Following the split, the companys issued, subscribed, and paid-up share capital of Rs 41.64 crore will comprise 8.32 crore equity shares of Rs 5 each, compared to the current 4.16 crore shares of Rs 10 each. Post trading hours yesterday, BEML informed that it has bagged order from the Ministry of Defence for supply of HMV 6X6 and the contract value of the same is approximately Rs 293.82 crore. BEML is a leading multi-technology 'Schedule A' company under the Ministry of Defence. It operates in three verticals viz. defence & aerospace, mining & construction and rail & metro. As of 30 June 2025, the Government of India held a 53.86% stake in BEML. The companys consolidated net profit jumped 11.97% to Rs 287.55 crore while revenue from operations rose 9.17% to Rs 1,652.53 crore in Q4 March 2025 over Q4 March 2024.
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Business Standard
24-07-2025
- Business
- Business Standard
BEML shares gain 3% on ₹294 crore order win; details here
Shares of BEML Ltd. rose over 3 per cent on Thursday after the company bagged a ₹294 crore order from the Ministry of Defence for HMV 6X6 supply. The construction vehicle maker's stock rose as much as 3.2 per cent during the day to ₹4,423.2 per share. The stock pared gains to trade 0.8 per cent higher at ₹4,322 apiece, compared to a 0.7 per cent decline in Nifty 50 as of 12:15 PM. Shares of the company snapped a six-straight-day days of losing streak and dropped over 10 per cent from their June highs. The counter has risen 6.2 per cent this year, compared to a 6.5 per cent advance in the benchmark Nifty 50. BEML has a total market capitalisation of ₹18,002.71 crore, according to BSE data. BEML's ₹294 crore order win The company secured an order from the Ministry of Defence for the supply of HMV 6x6 vehicles, with a contract value of approximately Rs 293.82 crore, according to an exchange filing on Wednesday. The vehicles will primarily be manufactured at BEML's Palakkad and Mysore plants, with additional production to be undertaken at other divisions based on operational feasibility. Designed to deliver high reliability and versatility, the 6x6 HMVs are built to operate effectively in extreme terrains, diverse climatic conditions and at high altitudes. "This order showcases BEML's expertise and capacity in delivering advanced indigenous products that enhance India's defence infrastructure," said Shantanu Roy, chairman and managing director of BEML. BEML stock split The company said earlier this week that the board of directors has greenlit the proposal for a stock split in the ratio of 1:2. A stock split increases the number of outstanding shares in the market without adjusting the value of an investor's total holdings. BEML financials BEML reported a double-digit surge of 12 per cent in its profit after tax (PAT) to ₹287.5 crore in the fourth quarter of the financial year 2024-2025 (Q4FY25), from ₹256.80 crore reported in the corresponding quarter of the previous fiscal year. Revenue from operations stood at ₹1,652.53 crore in Q4FY25, up by 9.18 per cent from ₹1,513.65 crore reported in Q4FY24. About BEML BEML Limited, formerly known as Bharat Earth Movers Limited, is an Indian public sector undertaking established in May 1964 and headquartered in Bengaluru. The company is a key player in India's infrastructure and defence sectors, manufacturing heavy equipment for mining, construction, defense, and rail & metro applications. It operates through three core business verticals, Defence and Aerospace, Mining and Construction, and Rail and Metro.
Business Standard
24-07-2025
- Business
- Business Standard
BEML gains after securing Rs 294-cr defence order
BEML advanced 2.06% to Rs 4,374.20 after the company announced that it had secured an order worth Rs 293.82 crore from the Ministry of Defence for the supply of HMV 6X6 vehicles. According to an exchange filing, the official announcement was made on 23 July 2025, after market hours. BEML is a leading multi-technology 'Schedule A' company under the Ministry of Defence. It operates in three verticals viz. defence & aerospace, mining & construction and rail & metro. As of 30 June 2025, the Government of India held a 53.86% stake in BEML. The companys consolidated net profit jumped 11.97% to Rs 287.55 crore while revenue from operations rose 9.17% to Rs 1,652.53 crore in Q4 March 2025 over Q4 March 2024.
