BEML Invests Rs 1,500 Crore in MP Rail Plant; Stock Rallies 6%
Shares of BEML Ltd rallied 6% to touch a day’s high of Rs 1,714.90 on 9th February. This came after the company said its board had approved an estimated investment of around Rs 1,500 crore to set up a greenfield rail manufacturing facility. The facility is named BRAHMA and will... The post BEML Invests Rs 1,500 Crore in MP Rail Plant; Stock Rallies 6% appeared first on Equitypandit.
Shares of BEML Ltd rallied 6% to touch a day’s high of Rs 1,714.90 on 9th February. This came after the company said its board had approved an estimated investment of around Rs 1,500 crore to set up a greenfield rail manufacturing facility. The facility is named BRAHMA and will be at Umariya near Bhopal in Madhya Pradesh.
In a regulatory filing on Saturday, 7th February, the state-owned company said the project will be funded through long-term debt. Furthermore, it will be implemented in phases over the next five years.
The proposed facility is expected to strengthen BEML’s manufacturing capabilities, especially in the rail and mobility segment. The move aligns with India’s broader push to boost domestic production and infrastructure development.
For Q3FY26, BEML reported a net loss of Rs 22.4 crore, compared to a net profit of Rs 24 crore in the same quarter last year. Revenue rose 23.7% year-over-year to Rs 1,083 crore from Rs 875.8 crore.
EBITDA fell sharply by 94% to Rs 4 crore from Rs 60.4 crore a year ago.
At 11:56 AM, shares of BEML were trading 5.27% higher at Rs 1,702.60 on NSE.
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The post BEML Invests Rs 1,500 Crore in MP Rail Plant; Stock Rallies 6% appeared first on Equitypandit.
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