Athira Sethu
Kochi, 19 March 2026
Shares of BEML, a heavy earthmoving equipment maker, will be in focus on Thursday, March 19, after it secured a significant $60 million (₹555 crore) order for supplying metro rolling stock to the African region. This marks the first-ever overseas order for the company in this category. The company’s announcement also comes amid its ongoing plans to expand its manufacturing capabilities with a new rail facility in Madhya Pradesh.
| Development | Details |
| Order Details | BEML received a Letter of Intent (LoI) for metro rolling stock worth $60 million for the African region. |
| Product | Stainless-steel standard gauge metro rolling stock. |
| First Overseas Order | This is BEML’s first overseas order for metro rolling stock. |
| Project Finance | BEML will finance the Greenfield Rail Manufacturing project through long-term debt. |
| Investment Approval | The board approved an investment of ₹1,500 crore for the BRAHMA rail manufacturing facility. |
| Location of Facility | Umariya, near Bhopal, Madhya Pradesh. |
| Project Timeline | The project will be completed in five phases over five years. |
| Stock Performance | Details |
| Closing Price (March 18) | ₹1,560.20 on the National Stock Exchange (NSE). |
| Weekly Change | Down 3%. |
| Monthly Change | Down 11%. |
| Year-to-Date Change | Down 15%. |
| 52-Week High | ₹2,437.40 (June 23, 2025). |
| 52-Week Low | ₹1,225.65 (April 7, 2025). |
| Q3 Financial Results | Details |
| Net Profit/Loss | ₹22.38 crore net loss in Q3 FY26, compared to ₹24.41 crore profit in the same quarter last year. |
| Revenue | ₹1,083.27 crore, up 23.7% YoY from ₹875.77 crore in Q3 FY25. |
| Market Capitalization | ₹13,026.40 crore (as of March 18, 2026). |
