Latest news with #HeavyEarthMovingEquipment
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Business Standard
12-05-2025
- Business
- Business Standard
Why are investors buying BEML shares today? Stock rises 5% in trade
BEML share price: Shares of BEML gained 4.9 per cent, logging an intraday high at ₹3,210.95 per share on BSE. The stock gained after the company acquired land parcels in Chhattisgarh and Bhopal. At 12:52 AM, BEML shares were trading 4.08 per cent higher at ₹3,183.5 per share on the BSE. In comparison, the BSE Sensex was up 3.13 per cent at 81,944.91. The market capitalisation of the company stood at ₹13,257.53 crore. The 52-week high of the stock was at ₹5,489.15 per share and the 52-week low of the stock was at ₹2,346.35 per share. BEML land acquisition updates: On Sunday, the government of Madhya Pradesh approved the allotment of 60.063 hectares (approximately 148 acres) of land to BEML. The land is located in Umeria, Raisen district, and has been allotted for setting up a construction facility to manufacture rolling stock/coaches for railway and metro projects in the state. On Friday, Chhattisgarh cabinet approved the allotment of 100 acres of land in the Janjgir-Champa district to the Company at Re. 1 per acre for setting up a state-of-the-art Heavy Earth Moving Equipment manufacturing plant in the state. BEML dividend record date The company on Friday fixed May 15, 2025 as the record date for its dividend of ₹15 per equity share of ₹10 each (i.e. 150 per centof paid up share capital) for the Financial year 2024-25. "In this connection, the company had fixed the Record date as 15.05.2025 for the payment of the said 2nd interim dividend to the eligible equity shareholders as on the record date," the filing read. ALSO READ | About BEML BEML Limited is a multi-technology company under the Ministry of Defence, plays a pivotal role in serving India's core sectors like Defence, Rail, Power, Mining and Construction by offering world class products. BEML operates in three verticals viz. Defence and Aerospace, Mining & Construction and Rail & Metro and has state-of-the-art manufacturing facilities located at Bangalore, Kolar Gold Fields (KGF), Mysore, Palakkad.
Business Upturn
09-05-2025
- Business
- Business Upturn
BEML to set up Heavy Earth Moving Equipment manufacturing plant in Chhattisgarh
BEML has recently informed exchanges that the company secured approval from the Chhattisgarh Cabinet for the allotment of 100 acres of land in Janjgir-Champa district. The state government has granted the land at a nominal rate of Re. 1 per acre, facilitating the establishment of Heavy Earth Moving Equipment manufacturing plant in the region. In the exchange filing, the company shared, 'We wish to inform that the Chhattisgarh cabinet has approved the allotment of 100 acres of land in Janjgir-Champa district to the Company at Re. 1 per acre for setting up a state-of-the-art Heavy Earth Moving Equipment manufacturing plant in the state.' This strategic move is expected to boost the local economy by creating job opportunities, promoting industrial growth, and fostering technological innovation in the heavy equipment sector. The plant will focus on the production of advanced earth-moving machinery, catering to the increasing demand in sectors like mining, construction, and infrastructure development. In the meantime, BEML has announced a second interim dividend of ₹15 per equity share for the financial year 2024–25. This decision was taken during the company's 411th Board of Directors meeting, held on May 9, 2025. The dividend, representing 150% of the face value of each equity share (₹10), reflects the company's continued strong performance. The company has set the record date for the interim dividend as May 15, 2025, to determine the eligibility of shareholders who will receive the payout. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
