Jaipur metro rail orders boost BEML

The company made this announcement after market hours on Monday, 19 December 2011.

Meanwhile, the BSE Sensex was down 97.59 points, or 0.63% to 15,281.75.

On BSE, 14,663 shares were traded in the counter as against average daily volume of 18,773 shares in the past one quarter.

The stock hit a high of Rs 473.50 and a low of Rs 452.15 so far during the day. The stock had hit a 52-week low of Rs 413 on 19 August 2011. The stock had hit a 52-week high of Rs 1,058 on 3 January 2011.

The stock had outperformed the market over the past one month till 19 December 2011, falling 5.92% compared with Sensex's 6.06% decline. The scrip had also outperformed the market over the past one quarter, declining 3.28% as against Sensex's 8.16% fall.

 

The mid-cap firm has equity capital of Rs 41.64 crore. Face value per share is Rs 10.

BEML said that it will manufacture, supply, test and commission 10 train sets of 4-Car each, totaling 40 Cars to Jaipur Metro Project. The company further said that it is anticipating another Rs 60-crore worth order for the Jaipur metro rail project.

With an order book of Rs 6000 crore, BEML is set to achieve a turnover of Rs 4300 crore for the current financial year, the company said in a statement. The company expects turnover of Rs 5000 crore in 2013-14, which is a Golden jubilee year of the company's operations. BEML registered net sales of Rs 2627.98 crore for the year ended March 2011 (FY 2011).

BEML's net profit rose 3.8% to Rs 15.30 crore on 55.6% spurt in net sales to Rs 792.47 crore in Q2 September 2011 over Q2 September 2010.

BEML (formerly Bharat Earth Movers) is a public sector undertaking primarily engaged in manufacturing and supplying equipment to defense & aerospace, rail & metro and mining & construction sectors. Besides, BEML is also into the business of e-Engineering, trading and dredging.

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