Latest news with #HighMobilityVehicles
Economic Times
3 days ago
- Business
- Economic Times
BEML shares in focus after Rs 282 crore defence order and hyperloop MoU pact
Shares of state-owned BEML are set to be in focus on Tuesday as the company disclosed a Rs 282 crore order from the Ministry of Defence and signed a new agreement to co-develop India's first indigenously designed hyperloop transportation system. ADVERTISEMENT In a regulatory filing on Monday, BEML said it had secured a contract for the supply of High Mobility Vehicles (HMV) in an 8x8 configuration. This comes just a week after the company announced a separate Rs 293.8 crore order for HMV 6x6 units, which are all-terrain vehicles used for personnel movement and general service roles by the Indian Army. 'We hereby inform that BEML Limited has bagged an order from the Ministry of Defence for supply of HMV 8X8 with contract value of Rs. 282 crores approximately,' the company said in the filing. Separately, BEML said it had entered into a Memorandum of Understanding (MoU) with TuTr Hyperloop, a deep-tech startup incubated at IIT Madras, to jointly develop a prototype of a high-speed transportation system based on hyperloop to BEML, hyperloop is a transportation system in which passenger or cargo pods move through sealed tubes in a near-vacuum environment, using Magnetic Levitation and Linear Induction Motor (LIM) propulsion systems. ADVERTISEMENT As part of the agreement, BEML will serve as the principal manufacturing partner. The partnership aims to develop a pod capable of transporting passengers and freight at high speeds using advanced propulsion systems.'The goal is to create a radically faster, greener, and more efficient mode of transport,' BEML said in a press release. ADVERTISEMENT Shares of BEML closed 3.64% higher at Rs 3,987.35 apiece on the BSE on Monday. The benchmark Sensex gained 0.52% on the day. The stock remains down 2.07% over the past 12 months and 10.24% a technical perspective, the stock is trading below its 10-day, 20-day, 30-day, and 50-day simple moving averages (SMAs), while staying above the 5-day, 100-day, 150-day, and 200-day SMAs. The Relative Strength Index (RSI) stands at 38.6, while the Moving Average Convergence Divergence (MACD) is at -117.1, below both the center and signal lines. ADVERTISEMENT For the quarter ended March 31, 2025, BEML reported a 12% year-on-year rise in net profit to Rs 287.5 crore, compared with Rs 257 crore a year earlier. Revenue rose 9.1% to Rs 1,652.5 crore from Rs 1,514 crore in the same period last stood at Rs 422.6 crore, a 13.9% increase from Rs 371 crore, while operating margins expanded to 25.57% from 24.5%, reflecting improved cost controls. ADVERTISEMENT Also read | NSE reaches Rs 40 crore settlement with Sebi over data disclosure case (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Automotive
- Time of India
BEML shares in focus after Rs 282 crore defence order and hyperloop MoU pact
Hyperloop agreement with IIT Madras startup Live Events Shares and technical March quarter earnings (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of state-owned BEML are set to be in focus on Tuesday as the company disclosed a Rs 282 crore order from the Ministry of Defence and signed a new agreement to co-develop India's first indigenously designed hyperloop transportation system In a regulatory filing on Monday, BEML said it had secured a contract for the supply of High Mobility Vehicles (HMV) in an 8x8 configuration. This comes just a week after the company announced a separate Rs 293.8 crore order for HMV 6x6 units, which are all-terrain vehicles used for personnel movement and general service roles by the Indian Army.'We hereby inform that BEML Limited has bagged an order from the Ministry of Defence for supply of HMV 8X8 with contract value of Rs. 282 crores approximately,' the company said in the BEML said it had entered into a Memorandum of Understanding (MoU) with TuTr Hyperloop, a deep-tech startup incubated at IIT Madras, to jointly develop a prototype of a high-speed transportation system based on hyperloop to BEML, hyperloop is a transportation system in which passenger or cargo pods move through sealed tubes in a near-vacuum environment, using Magnetic Levitation and Linear Induction Motor (LIM) propulsion part of the agreement, BEML will serve as the principal manufacturing partner. The partnership aims to develop a pod capable of transporting passengers and freight at high speeds using advanced propulsion systems.'The goal is to create a radically faster, greener, and more efficient mode of transport,' BEML said in a press of BEML closed 3.64% higher at Rs 3,987.35 apiece on the BSE on Monday. The benchmark Sensex gained 0.52% on the day. The stock remains down 2.07% over the past 12 months and 10.24% a technical perspective, the stock is trading below its 10-day, 20-day, 30-day, and 50-day simple moving averages (SMAs), while staying above the 5-day, 100-day, 150-day, and 200-day SMAs. The Relative Strength Index (RSI) stands at 38.6, while the Moving Average Convergence Divergence (MACD) is at -117.1, below both the center and signal the quarter ended March 31, 2025, BEML reported a 12% year-on-year rise in net profit to Rs 287.5 crore, compared with Rs 257 crore a year earlier. Revenue rose 9.1% to Rs 1,652.5 crore from Rs 1,514 crore in the same period last stood at Rs 422.6 crore, a 13.9% increase from Rs 371 crore, while operating margins expanded to 25.57% from 24.5%, reflecting improved cost controls.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
24-07-2025
- Business
- Economic Times
BEML shares in focus after winning Rs 294-crore order from Defence Ministry for HMV 6X6 supply
Shares of state-run BEML will be in focus on Thursday after the company announced it had secured an order worth approximately Rs 293.82 crore from the Ministry of Defence for the supply of High Mobility Vehicles (HMV) 6x6. ADVERTISEMENT 'BEML Limited has bagged an order from the Ministry of Defence for the supply of HMV 6X6 with a contract value of Rs 293.82 crore approximately,' the company said in a stock exchange filing. In June, BEML also signed three licensing agreements with the Defence Research and Development Organisation's (DRDO) Vehicle Research and Development Establishment (VRDE) to manufacture advanced mobility and support systems for the Indian Army's Armoured Corps. Under the agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for the MBT Arjun tank, as well as a full trailer for a 70-tonne tank transporter equipped with an advanced hydraulic suspension system.'This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through next-generation, indigenous solutions, aligned with the Government of India's Aatmanirbhar Bharat vision,' BEML said in a statement. ADVERTISEMENT For the quarter ended March 31, 2025, BEML posted a net profit of Rs 287.5 crore, up 12% from Rs 257 crore in the same quarter last year. Revenue rose 9.1% year-on-year to Rs 1,652.5 crore, driven by strong performance across business increased 13.9% to Rs 422.6 crore, while operating margins improved to 25.57% from 24.5% a year earlier, reflecting better cost efficiency. ADVERTISEMENT Headquartered in Bengaluru, BEML is a key manufacturer of earthmoving, rail, transport, and mining of BEML closed at Rs 4,286.10 on the BSE, down Rs 58.70 or 1.35%. ADVERTISEMENT According to Trendlyne, the average target price for BEML is Rs 4,129, suggesting a potential downside of around 4% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Buy. ' (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
24-07-2025
- Business
- Time of India
BEML shares in focus after winning Rs 294-crore order from Defence Ministry for HMV 6X6 supply
Shares of state-run BEML will be in focus on Thursday after the company announced it had secured an order worth approximately Rs 293.82 crore from the Ministry of Defence for the supply of High Mobility Vehicles (HMV) 6x6. 'BEML Limited has bagged an order from the Ministry of Defence for the supply of HMV 6X6 with a contract value of Rs 293.82 crore approximately,' the company said in a stock exchange filing. Explore courses from Top Institutes in Please select course: Select a Course Category CXO Others Public Policy Technology Management Digital Marketing healthcare Finance Data Science Product Management Artificial Intelligence MCA Data Science Cybersecurity Degree Design Thinking others PGDM MBA Leadership Healthcare Project Management Operations Management Data Analytics Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Malaysia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo In June, BEML also signed three licensing agreements with the Defence Research and Development Organisation's (DRDO) Vehicle Research and Development Establishment (VRDE) to manufacture advanced mobility and support systems for the Indian Army's Armoured Corps. Under the agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for the MBT Arjun tank, as well as a full trailer for a 70-tonne tank transporter equipped with an advanced hydraulic suspension system. 'This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through next-generation, indigenous solutions, aligned with the Government of India's Aatmanirbhar Bharat vision,' BEML said in a statement. Live Events BEML Q4 earnings For the quarter ended March 31, 2025, BEML posted a net profit of Rs 287.5 crore, up 12% from Rs 257 crore in the same quarter last year. Revenue rose 9.1% year-on-year to Rs 1,652.5 crore, driven by strong performance across business segments. EBITDA increased 13.9% to Rs 422.6 crore, while operating margins improved to 25.57% from 24.5% a year earlier, reflecting better cost efficiency. Headquartered in Bengaluru, BEML is a key manufacturer of earthmoving, rail, transport, and mining equipment. Shares of BEML closed at Rs 4,286.10 on the BSE, down Rs 58.70 or 1.35%. BEML share price target According to Trendlyne, the average target price for BEML is Rs 4,129, suggesting a potential downside of around 4% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Buy. ' ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Upturn
23-07-2025
- Business
- Business Upturn
BEML bags defence order worth Rs 293.82 crore for supply of HMV 6×6 vehicles
BEML Limited has announced that it has secured a fresh order worth approximately ₹293.82 crore from the Ministry of Defence for the supply of High Mobility Vehicles (HMV) 6X6. The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015. This new contract strengthens BEML's position as a key defence equipment supplier, highlighting its capability to deliver advanced, indigenous mobility solutions for the armed forces under the government's 'Make in India' initiative. Notably, on July 18, BEML had also announced a separate order worth ₹185.65 crore from the Ministry of Defence (E-in-C) for the supply of bulldozers. That earlier order, which was made in the normal course of business, further deepened the company's long-standing relationship with the Ministry and added to its already strong defence-focused order pipeline. While the bulldozer order is unrelated to the latest HMV contract, both reinforce BEML's critical role in supporting India's defence infrastructure through consistent and high-quality equipment deliveries. Ahmedabad Plane Crash 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
