Miniratna PSU Co. Bags Orders Worth Rs. 423.11 Cr From Ministry Of Defence

BEML Ltd. on Friday, 23 June 2023, informed the exchange that it has bagged an order from the Ministry Of Defence (MOD) for the supply of High Mobility vehicles. The total Contract value is worth Rs 423.11 Crs.

"We hereby inform that BEML Limited has bagged order from MOD for supply of High Mobility vehicles. Total Contract value is Rs 423.11 Crs," the company said in an exchange filing.

Meanwhile, post the announcement, the stock of BEML surged 0.39%, ended at Rs. 1,629.30 apiece.

The stock surged 5.6% in the past 1 week, while 14.78% in the past 1 month. It gave 34.14% positive return in the past 1 year. In the past 3 years, it gave 147.37% positive return. The stock gave 90.78% positive return in the past 5 years.

The stock recorded the 52 week low on 6 March 2023 at Rs. 1,933.95 apiece and 52 week high on 2 September 2022 at Rs. 1,933.95 apiece, respectively.

BEML Ltd is a Maharatna Status PSU Company. The company manufactures a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defense forces and coaches for the metro and Indian Railways.