Page 2 - Beml

BEML Q2 result: Profit falls slightly by 1.9% to Rs 51 cr as demand weakens

India's BEML reported a 1.5% fall in its second-quarter profit on Monday, hurt by lower demand for its heavy machinery and equipment as manufacturing activity dipped.

Chinese imports hit Indian construction equipment manufacturing sector

Tata Hitachi, a joint venture between Japan's Hitachi Construction Machinery Company and Tata Motors, has lost market share in recent years. One reason was the influx of Chinese imports

BEML aims for Rs 900 cr capex till FY25, re-enters building equipment space

BEML has outlined a capital expenditure of Rs 900 crore till FY'25 and re-entered the construction equipment market after a hiatus of nearly five years, aiming to capitalise on the Rs 45,000 crore market opportunity. The company, formerly Bharat Earth Movers Limited, recently underwent a significant business restructuring, establishing 11 strategic business units (SBUs) and two micro business units to drive sustainable long-term growth. As part of this restructuring, we have re-entered the construction equipment business, focusing on higher capacity products to tap into the massive Rs 45,000 crore market, Shantanu Roy, Chairman and Managing Director of BEML, told reporters on the sidelines of the 17th Global Mining Summit organised by the CII. BEML's earlier exit from the construction equipment space was due to intense competition from imported products. Roy, however, explained that the company is now targeting higher-capacity equipment, such as 20-30 tonne excavators and dumpers,

BEML climbs 8% on Rs 866-cr deal to build two high-speed train sets

Under the project, BEML will design, manufacture and commission two high-speed train sets with a test speed of 280 kmph

BEML wins Rs 866.87 crore contract to build 'Made in India' bullet trains

BEML's Bengaluru factory will make the train sets for delivery by the end of 2026

BEML stock price rallies 4% on inking multiple deals; up 27% in 6 months

The rise in the BEML stock came after the company announced that it has inked multiple deals.

BEML Q1 results: Net loss narrows to Rs 70 cr, income rises to Rs 631 cr

Defence PSU BEML on Monday reported a narrowing of its consolidated net loss to Rs 70.47 crore for the quarter ended on June 30, 2024. The company had posted a consolidated net loss of Rs 75.01 crore in the year-ago period, BEML said in a filing to BSE. The consolidated income of the company during the April-June period rose to Rs 634.61 crore over Rs 5,78.11 crore in the corresponding quarter of the previous fiscal, the filing said. BEML Ltd is a diversified company supplying products, services and support to defence and aerospace, mining and construction and rail and metro.

BEML zooms 18%, hits all-time high in weak market on healthy outlook

BEML is in a sweet spot to capitalise on 'Make-in-India' and the country's flourishing metro, railway & defence capex story, say analysts

BEML, Exide, Prestige: 5 mid-, small-cap stocks with over 15% downside risk

BEML, Exide Industries, HUDCO, Godrej Properties and Prestige Estates could fall up to 19 per cent from present levels, technical charts suggest.

This PSU stock has surged 25% in 4 days; zoomed 107% in 6 months

In past nine trading days, the stock price of BEML has rallied 45 per cent.

BEML bags order worth Rs 250 cr from Northern Coalfields for dump trucks

BEML Ltd has secured an order worth Rs 250 crore from Northern Coal Fields Limited (NCL) for the supply of 28 units of BH100 rear dump trucks, the company said on Friday. The BH100 rear dump truck is engineered to transport payloads of up to 100 tonnes, specifically designed for the efficient handling of overburden and coal in mining operations, they said. In a statement, BEML Ltd said, "The dumpers will be maintained under a Guaranteed Spare Parts contract for a period of five years, ensuring uninterrupted service and operational efficiency. The BEML BH100 rear dump truck is renowned for its robust design, advanced features, and operational efficiency, making it a preferred choice in the mining industry." Designed to transport payloads of up to 100 tonnes, the BH100 is ideal for heavy duty mining operations, particularly for handling overburden and coal. Engineered for fuel efficiency, the BH100 helps reduce operational costs while maintaining high performance levels, it said. "Ou

BEML stock rallies 9% on winning new order worth Rs 250 crore

Meanwhile, in past six trading days, the stock zoomed 26% after the company had reported a solid 62.85% YoY growth in consolidated profit after tax at Rs 256.80 crore in March 2024 quarter.

BEML surges 13% on solid Q4 numbers, hefty dividend

BEML's order book as on April 01, 2024, stood at Rs 11,872 crore as against Rs 8,570 crore in the previous year, an increase of 38.5 per cent.

Stocks to watch on May 13: TaMo, ICICI Bank, BEML, JK Cement

BEML's Q4 earnings showcased strong growth, with net profit soaring 62.8 per cent year-on-year (YoY) to Rs 256.8 crore.

Dredging Corp, BEML sign agreement to manufacture dredger spares in India

Dredging Corporation of India Ltd (DCIL) and BEML have entered into an agreement to manufacture dredgers and their spares in India. Dredgers are special vessels used for deepening and broadening sea coasts and river sides by removing sand. In a statement, DCIL said it has signed a memorandum of understanding (MoU) with BEML for the design, development and manufacturing of dredgers and its spare parts. The agreement was signed between DCIL MD and CEO S Divakar and BEML CMD Shantanu Roy in Bengaluru. "The organisations would recognise indigenisation as one of the strategic tools to achieve cost benefits and also complement their strengths to build a mutually beneficial strong technical base," the statement said. The collaboration will extend to the joint study of the potential for the construction of portable cutter suction dredgers for inland dredging by BEML and endeavour for cooperation through joint venture/special purpose vehicles as per the government guidelines. The producti

Own BEML, BEL in your portfolio? Check why they will be in focus today

On Monday, the MoD signed a tripartite MoU with BEML, Bharat Electronics, and Mishra Dhatu Nigam for indigenous development of Advanced Fuelling and Control System for Engines

BEML Q3 results: Profit up marginally at Rs 66.85 cr on higher expenses

The state-owned company reported a consolidated profit before tax of Rs 66.85 crore ($8.1 million) in the quarter ended Dec. 31, up nearly 1% year-on-year

Rajeev Prakash appointed as govt nominee director of BEML's board

State-owned BEML on Tuesday said Rajeev Prakash has been appointed as the Government Nominee Director on its board. Prakash will replace Surendra Prasad Yadav, the company said in a filing. "The President of India has appointed Rajeev Prakash as Government Nominee Director (Part Time Official Director) on the Board of Directors of the company in place of Surendra Prasad Yadav," the filing said. Prakash is a 1995 batch, Indian Post & Telecommunication Accounts and Finance Service officer. He has experience in the field of telecommunications and held various important positions at the Centre. He has been working as Joint Secretary (Naval Systems) in the Department of Defence Production, Ministry of Defence, since June last year. Prakash is not related to the directors of the company. Shares of BEML settled 2.09 per cent higher at Rs 2,500.75 apiece on the BSE.

Tiger Logistics wins order from Bharat Earth Movers; stock leaps 9%

The contract is anticipated to yield revenue of approximately Rs 10 crore

BEML rallies 10% on strong order book position; zooms 94% in 5 months

On August 7, BEML secured Letter of Acceptance from Bangalore Metro Rail Corporation (BMRC) for supply of Rolling stock contract 5RS-DM valued at approximately Rs 3,177 crore