Synopsis :

BEML has recently received a work order of Rs. 157 Crores from Loram Rail Maintenance India Private Limited for supply of machinery for Indian Railways.

The shares of this engineering company engaged in manufacturing wide range of heavy earthmoving equipment catering to the defence, mining, construction and other sectors were in focus upon receiving a new work order.

With a market capitalization of ~14,700 Crores, the shares of BEML closed at around Rs. 1765.5, which is 28 percent down from its 52 week high price of Rs. 2437. It is trading at a P/E of 49.8 whereas the industry PE stands at 36.3

What is the News

BEML Limited has received a work order of Rs. 157 Crores from Loram Rail Maintenance India Private Limited. Under this project the company will manufacture the

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