BEML shares today surged to their 52-week high on the bourses after the defence PSU said it has bagged orders worth Rs 645 crore from Delhi Metro Rail Corporation (DMRC).
The stock was up 0.64 per cent at Rs 1,227.50, at the close of today's trading session on the BSE. During the day, it had jumped 3.55 per cent to touch its 52-week high of Rs 1,263.
Similar trend was witnessed at the NSE, where it settled at Rs 1,230, higher by 0.88 per cent. During the day, it had jumped 3.65 per cent to 52-week high of Rs 1,263.80.
The defence PSU yesterday said it has received an order worth Rs 645 crore from DMRC for supplying 74 broad gauge coaches.
BEML has so far supplied more than 600 metro cars or coaches to DMRC and 150 units to Bangalore Metro for its Phase I, the company said in a statement yesterday.
It is also the rolling stock supplier to the Jaipur Metro project and supplied 40 cars, the revenue operations of which have commenced recently, the BEML said.
