BEML wins Rs 2500 crore order from Chennai Metro

BEML,  a 'Schedule 'A' Public Sector Undertaking witnessed a 3% surge in its share price today after securing a significant order worth Rs 2,500 crore from Chennai Metro Rail Limited. The stock opened positively at Rs 4,200, surpassing its previous close of Rs 4,188.80. During early trading, it reached a high of Rs 4,339. As of 10 AM, BEML shares remained strong, quoting at Rs 4,289 per share with substantial trading volume.

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BEML Secures Major Contract from Chennai Metro Rail Limited 

The company in its regulatory filing states that "we hereby inform that BEML Limited has secured a contract from Chennai Metro Rail Limited for Design, Manufacture, Supply, Testing, Commissioning, Training Of Personnel And Comprehensive Maintenance Contract Of Fifteen Years Of Standard Gauge Metro Rolling Stock (Electrical Multiple Units) And Depot Machinery & Plant valued at approximately Rs. 2501 Crores."

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