BEML shares rally 8% on bagging ₹590 crore supply order from Ministry of Defence; all you need to know

However, the stock was off its day’s high at around 10:49 AM, trading 4.32% higher at ₹1,844.20 per equity share.

The scrip advanced more than 6% in the past week and 20% over the month. On a year-to-date basis, it has declined 1%.

While the stock reached a 52-week high of ₹2,437.40 apiece on March 23, 2025, it touched a year’s low of ₹1,355 apiece on March 30, 2026.

Order win

The Ministry of Defence on Tuesday said that it has signed contracts worth ₹975 crore with BEML and Electro Pneumatics and Hydraulics (India) Private Limited for the procurement of trawl assembly for T-72 and T-90 tanks.

The agreements with the two companies were inked in the presence of Defence Secretary Shri Rajesh Kumar Singh in New Delhi.

The trawl assemblies for the T-72 and T-90 tanks are critical pieces of equipment developed by the Defence Research and Development Organisation (DRDO) to enhance the minefield breaching capability of the Indian Army.

“It would generate additional capability of creating vehicle safe lanes through minefields with anti-tank mines with proximity magnetic fuses, thus enhancing the operational effectiveness of the Indian Army,” the press release said.

In a regulatory filing dated April 21, BEML stated that it has “secured an order from the Ministry of Defence for the supply of Trawl Assemblies with a contract value of ₹590 crores, approximately.”

This order win comes on the back of the company securing an export order valued at $36.38 million from the Middle East region for the supply of heavy earth-moving equipment for infrastructure development applications, according to a regulatory filing last week.

On April 9, the company informed the exchanges that it had signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Limited to jointly bid to identify, pursue, and execute opportunities under a strategic partnership for Rail and Metro Projects in India and abroad.

Q3 Results

BEML reported a consolidated net loss of ₹22.38 crore for the December quarter of FY26, compared to the net profit of ₹24.41 crore it logged in the year-ago period.

Its revenue from operations, however, jumped 23.7% year-on-year (YoY) to ₹1,083.27 crore during the quarter under review, as against ₹875.77 crore in Q3FY25.

BEML has a total market capitalisation of ₹15,339.34 crore as of April 22, 2026, according to data on the NSE.