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HomeMarket NewsBEML wins ₹554 crore metro order in Africa, marks first overseas deal
BEML Ltd received a ₹554 crore order to supply metro rolling stock in Africa, marking its first overseas metro order. Stock declined over 28% in the last six months.
BEML Ltd has received a Letter of Intent for an overseas order to supply metro rolling stock for a project worth about ₹554 crore in the African region, the company announced on Wednesday, March 18.
In an exchange filing, the company said the order involves the design, manufacture, supply, testing and commissioning of standard gauge metro rolling stock.
The contract, valued at approximately $60 million (₹554 crore), will include stainless-steel metro coaches.
BEML said this marks its first-ever overseas order for metro rolling stock, representing a key milestone in its expansion into international markets.
The company added that the development strengthens its position in the rail and metro segment and opens up opportunities for further global business.
For the December quarter, BEML posted a net loss of ₹22.4 crore compared to a net profit of ₹24 crore in Q3FY25. Revenue rose 23.7% to ₹1,083 crore from ₹875.8 crore a year earlier. EBITDA for Q3 was almost wiped out after it fell 94% to ₹4 crore from ₹60.4 crore, and the margin narrowed to 0.3% from 6.9% in the previous year.
Shares of the company were trading 1,562.70 as of 3.08 pm. The stock has declined 28.32% in the last six months.
