Shares of BEML broke their threshold and reached a new 52-week high of Rs 2,183.70 on 23 August as the company won an order worth Rs 101 crore.

During its 22 August filing, the company announced that it had secured an order from the Ministry of Defence to supply Command Post vehicles for a contract value of Rs 101 crore.

BEML is a multi-technology company with high-quality products in diverse sectors, including mining, steel, coal, irrigation, limestone, power, building, road, defence, construction, aviation, metro, and railways.

During the April-June quarter, the company’s net loss shrunk to Rs 75.01 crore from the Rs 82.36 crore reported in the year-ago quarter.

During this month, the company has also received a rolling stock order worth Rs 3,177 crore from Bangalore Rail Corporation.

In May 2023, BEML emerged as the lowest bidder for the supply of 318 coaches for the Bengaluru Metro’s Phase 2, Phase 2A, and Phase 2B corridors.

At 11:15 am, the shares of BEML were trading at Rs 2,126.90 or 2.14% above its previous close of Rs 2,082.25 on NSE.