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BEML eyeing Rs 25,000 crore biz from metro rail projects

10 Jul 2009 Evaluate

BEML Ltd, maker of metro rail coaches and mining equipment, smells a huge business opportunity of Rs 25,000 crore in the metro rail projects that are coming up across the country. Over a dozen cities could be floating metro rail projects in the next decade. The company hopes to capture at least one-fourth of the Rs 1-lakh crore business in metro projects.

 

BEML supplies coaches worth Rs 1,400 crore for the Delhi metro project and has won the Rs 1,672-crore Bangalore contract. Its sights are on Chennai, Pune and Hyderabad. For the current fiscal, BEML is looking at a turnover of Rs 4,000 crore compared with Rs 2,797 crore for fiscal 2009, driven by all the three divisions – rail, mining and defence. Order book stands at over Rs 5,000 crore.

 

The company plans to invest Rs 410 crore in existing facilities, including Rs 260 crore at the new Palakkad unit in Kerala, this fiscal. The global meltdown did not affect the company except in procuring small supplies from minor equipment makers. The company grew 11 per cent on an average year-on-year.crackcrack

BEML Share Price

1768.50 24.00 (1.38%)
21-Apr-2026 16:59 View Price Chart
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