BEML, the manufacturer of heavy equipment, has bagged an order worth Rs 5.70 billion form Delhi Metro Rail Corporation. This is for the supply of 70 cars which are in addition to 92 cars being manufactured for Delhi Metro.
BEML has forayed into the manufacture and supply of hi-tech Metro cars during 2002. Since then, BEML had made significant strides and emerged as the preferred destination of Metro Coach Manufacturer in the country. BEML has so far supplied more than 700 Metro cars to Delhi Metro, Bangalore Metro and Jaipur Metro.
With the above order, the order book position of the company, representing all the three business verticals viz., mining and construction, rail and metro and defence business, has crossed Rs 64 billion marks.
Shares of the company gained Rs 5.85, or 1.01%, to trade at Rs 583. The total volume of shares traded was 82,265 at the BSE (2.09 p.m., Wednesday).