BEML bags order worth Rs118 crore from Coal India; stock jumps ~2%

20 Apr 2022 , 09:16 AM

BEML Limited, one of the largest manufacturers of heavy equipment, has announced that it has signed a prestigious contract with Coal India Limited (CIL) on April 18, 2022, for the supply of 01 number 20 CuM Rope Shovel.

The order is valued at Rs118 crore and is being indigenously developed for the first time under Atmanirbhar Bharat by BEML.

This order was received in the presence of B Veera Reddy, Director (Tech), CIL, Kolkata.

Stock of BEML was trading 1.88% higher at Rs1,856.35 against its previous close of Rs1822.15 on BSE. The scrip opened at Rs1,830 and has touched a high and low of Rs1,857.95 and Rs1,830 respectively.