 "BEML extends gains post Rs 570 crore order from Delhi Metro")
Shares of BEML was up nearly 3% to Rs 597on the BSE, extending yesterday's gains, after the public sector undertaking engaged in the manufacture of metro cars and defence equipment bagged an order worth Rs 570 crore from Delhi Metro Rail Corporation (DMRC) for supply of 70 cars. It is already producing 92 cars for Delhi Metro.
With this order, the company's order book position representing all the three business verticals such as Mining & Construction, Rail & Metro and Defence Business, crossed Rs 6,400 crore mark.
BEML forayed into manufacture and supply of Metro Cars in 2002. Since then, it has bagged orders from Bangalore Metro Rail Corporation, Jaipur Metro and DMRC. BEML has so far supplied more than 700 Metro Cars to Delhi Metro, Bangalore Metro and Jaipur Metro, the company said in a statement.
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The stock opened at Rs 586, touched a high of Rs 609 and a low of Rs 586 on the BSE. A total of 41, 975 shares have been exchanged on the BSE so far.