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BEML shines on bagging order worth Rs 842 crore from Ministry of Defence

BEML Ltd. | Construction Vehicles | Capital Goods & Industrial Consumables | BSE: 500048 | NSE: BEML

01 Sep 2020 Evaluate

BEML is currently trading at Rs. 688.45, up by 19.25 points or 2.88% from its previous closing of Rs. 669.20 on the BSE.

The scrip opened at Rs. 690.00 and has touched a high and low of Rs. 699.95 and Rs. 685.35 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1108.20 on 30-Oct-2019 and a 52 week low of Rs. 369.60 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 727.00 and Rs. 662.40 respectively. The current market cap of the company is Rs. 2786.85 crore.

The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 25.43% and 20.54% respectively.

BEML has bagged a prestigious order from Ministry of Defence for supply of 330 High Mobility Vehicles, for Pinaka Project at a value of Rs 842 crore. Pinaka is a multi-barrel rocket launcher developed indigenously for the Indian Army and produced in India by involving Public Sector and Private Sector Defence Industries. The multi-barrel launcher system is mounted on the highly rugged BEML truck, much acclaimed for its off-road mobility and would provide the Indian Army with vital manoeuvrability on the battlefield.

This order is a big boost to BEML, involved in the manufacturing of the High Mobility Vehicles with superior features under Make in India program, thus demonstrating BEML's efforts under 'AtmaNirbhar Bharat'. The equipment will be manufactured by BEML at its Palakkad Plant in Kerala and would supply the vehicle platform to MoD in a span of 3 years.

BEML a leading mining and construction equipment manufacturer has designed and developed indigenously over 40 products through its R&D, and are not only working in India but also in 65 countries around the world.

BEML Share Price

1771.10 30.95 (1.78%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
BEML	1771.10
Action Const. Equip	916.35
Sanghvi Movers	304.25
TIL	206.55
Brady & Morris Engg	828.40
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BEML shines on bagging order worth Rs 842 crore from Ministry of Defence

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