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BEML hits 52-week high on executing export order to Zimbabwe

The stock up 4% at Rs 1,137 on the NSE after company said it has executed export order worth of Rs 70 crore to Zimbabwe.

SI Reporter Mumbai
Last Updated : Apr 01 2015 | 12:44 PM IST
Shares of BEML have moved higher by 4% at Rs 1,137 on the National Stock Exchange (NSE) after the company said it has executed an export order worth of Rs 70 crore to Zimbabwe.

The company has exported a fleet of mining and construction equipment worth Rs 70 crore to M/s Hwange Colliery, the largest coal mines owned by Government of Zimbabwe under NEIA (National Export Insurance Account) Buyers Credit Scheme of EXIM Bank of India, BEML said in a statement.

The company said it has exported its products to Nepal, Tanzania, Zimbabwe and Vietnam during the year 2014-15.

The stock opened at Rs 1,100 and hit a 52-week high of Rs 1,144 on the NSE. A combined 337,314 shares changed hands on the counter on the NSE and BSE till 1138 hours.
 

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First Published: Apr 01 2015 | 11:39 AM IST

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