The total contract value of BEML has increased to ₹4318 crores from the existing ₹3817 crores.

BEML has achieved indigenisation levels of over 65% in metro cars.

The Bengaluru-headquartered BEML has bagged a order from Delhi Metro Rail Corporation(DMRC), according to a regulatory filing.

BEML has received variation order to contract MRS1 from DMRC, for additional 12 trainsets of 06 cars each (total 72 cars) to operate on line 2B and 7 of Mumbai metro project. The order is valued at ₹501 crores (approx).

With this,the total contract value has increased to ₹4318 crores (approx) from the existing ₹3817 crores (approx). BEML should supply the order before August 2023," it said in a regulatory filing on Sunday.

At 09:55 am, BEML was trading at ₹669.90apiece on the BSE, up 2.21% from its previous close.

With the governments plans to increase coal and steel production, huge infrastructure development work and goal to boost the conomy; BEML expects continuous growth in mining & construction equipment vertical in the coming years post COVID-19 pandemic.

Further, BEML officials noted that the government has directed companies to expedite capital expenditure, adding, many tenders are expected from Coal India and steel industries.

BEML with its infrastructure, R&D and resources, is fully geared up to meet the present and future demands of mining & construction equipment," Hota said.

To further enhance indigenisation, BEML has invited expression of interest for manufacturing and technology partnerships with reputed global OEMs looking to establish and / or expand their supply chains / manufacturing base in India for manufacture of various goods and/ or service business in the areas of defence & aerospace, rail & metro & mining & construction, engines and aggregates with the overarching objective of 'Aatmanirbhar Bharat.

The company has achieved indigenisation levels of over 90 per cent in the mainline mining & construction products and rail coaches & EMUs, over 80 per cent in high mobility vehicles and over 65 per cent in Metro cars.

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