BEML on the Fast Track: Shares Soar After Bangalore Metro Order Win as Reported WOWNEWS24x7 on March 27, 2025 21:43

BEML Ltd (BEML.NS) shares jumped 3.4% after the company announced on March 27, 2025, that it had won a large contract from the Bengaluru Metro Rail Corporation Limited (BMRCL). The order worth ₹405 crore is for the design, manufacture, supply, installation, testing, and commissioning of standard gauge metro cars. The contract also involves detailed maintenance services for a period of up to 15 years as part of the ongoing projects in Bengaluru Metro.

 

The news has caused the share price of BEML to rise significantly, closing at ₹3,239 per share on March 27, an impressive 17.3% gain from the trading session. Investors have been interested robustly, especially following Motilal Oswal Financial Mutual Fund buying 2.66 lakh shares at an average price of ₹3,048.3 a piece.

 

BEML's stocks have risen almost 32% in the last month, even though they have struggled in the longer term, with a fall of around 21.39% so far this year. This new contract victory is likely to strengthen BEML's hand in the competitive metro rail space and improve its growth prospects in the future.

 

Sources: CNBC TV18, Reuters