BEML SECURES IT'S FIRST OVERSEAS ORDER WORTH Rs 554 CRORE FOR SUPPLY OF METRO COACHES

has received an overseas order to supply metro coaches for a project worth about Rs 554 crore in the African region. The order involves the design, manufacture, supply, testing and commissioning of standard gauge stainless steel metro coaches. This is the first ever overseas order for metro coaches won by the company, thereby representing a key milestone in it's expansion into international markets and opening up opportunities for further global business. The government of India holds 54% stake in the company, FIIs and DIIs are having 5.5% and 18.39% stake respectively, which the remaining 22% stake is owned by the public. The company has delivered good profit growth of 35% CAGR over last 5 years, and wil such new orders from international markets, the company's profit is expected to grow in the coming years.