BEML Rail

Under the project, BEML will design, manufacture and commission two high-speed train sets with a test speed of 280 kmph

BEML's Bengaluru factory will make the train sets for delivery by the end of 2026

Shares of railway companies saw a surge of up to 7 per cent on the BSE during intraday trading on Monday following the Union Cabinet's approval of metro projects exceeding Rs 30,000 crore.

BEML is in a sweet spot to capitalise on 'Make-in-India' and the country's flourishing metro, railway & defence capex story, say analysts

In past nine trading days, the stock price of BEML has rallied 45 per cent.

The issues between the companies will soon be resolved and contracts for making trains will be signed, a top government official said

The government is likely to invite financial bids for the privatisation of BEML in the December quarter, an official said. Earlier this month, the corporate affairs ministry approved the demerger of land and non-core assets of BEML to BEML Land Assets Ltd. The official said that every shareholder of BEML will get shares in BEML Land Assets and the process of demerger would be completed by the end of September or early October. "Once the demerger process gets over by September-end or by early October, the financial bids for strategic sale of BEML would be invited," the official told PTI. The financial bids are expected in the October-December quarter and the draft share purchase agreement too would be finalised by then, the official added. In January last year, the government invited preliminary bids for selling 26 per cent stake in BEML along with the management control. Multiple Expressions of Interest (EoIs) were received by the government, after which the process of demerger w

New project wins and other segments will strengthen the already strong revenue visibility of three and a half years

Tie-ups through the EOIs would be for products that complement BEML's existing products

The metro and rail segment, which grew 45% in FY19, accounts for half the firm's order book

The coach, the first in the list of 500 to be delivered to the Mumbai Metro Rail Corporation, has been built by Bharat Earth Movers (BEML) at its Bengaluru facility in flat 75 days

CEBBCO and Titagarh Wagons rallied 38% and 28%, respectively, in the past eight trading days on BSE.