BEML shares slip over 6% this week despite multiple orders; firm inks pact with Sagarmala Finance

BEML on Friday, December 5, entered into a strategic pact with Sagarmala Finance Corporation Limited (SMFCL) to boost financial support for the country's maritime manufacturing sector.

The development is significant as it seeks to unlock dedicated funding avenues to strengthen manufacturing capabilities within the maritime industry, aligning with the Centre's vision of enhancing indigenous production and reducing dependence on imports.

SMFCL, formerly known as Sagarmala Development Company Limited, is the country's first maritime sector-specific non-banking financial company.

In a filing to NSE, the PSU said that "BEML Ltd has signed a strategic MoU (memorandum of understanding) with Sagarmala Finance Corporation Ltd to unlock dedicated financial support for India's domestic maritime manufacturing ecosystem."

In a separate filing, the defence PSU said it has signed a tripartite MoU with HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Samho Heavy Industries to collaboratively design, develop, manufacture, and provide support for next-generation conventional and autonomous maritime and port cranes in the country.

The partnership will also include comprehensive after-sales service, spare parts supply, and training support.

This was BEML’s fourth order secured this week.

Other orders this week

The defence PSU firm secured a fresh order worth ₹157 crore from Loram Rail Maintenance India Private Limited on Thursday. BEML will be manufacturing switch rail grinding machines for Loram, which will be supplied to Indian Railways for track maintenance.

During the week, the firm had also bagged another contract worth ₹414 crore from Bangalore Metro Rail Corporation Ltd (BMRCL) for the supply of additional trainsets.

The supply of additional trainsets is for the second phase of the Bangalore Metro Rail Project. The new contract comes as part of the ongoing efforts to expand the city's metro network and increase urban connectivity.

BEML, a public sector undertaking which manufactures metros and heavy equipment, will supply the additional trainsets to support increased passenger capacity and network expansion.

BEML Ltd operates under three major business verticals: defence and aerospace, mining and construction and rail and metro.

BEML share price

Though shares of the firm were trading lower, BEML shares had touched an intraday high of ₹1,779.80 apiece on NSE. At 2:50 PM, BEML shares were trading at ₹1,706.70 apiece, declining 3.32%.

Over the past five trading sessions, shares of the company have lost 7.5%, while they have fallen over 14% in a month. In the last six months, the stock tumbled 23% and has declined 17% from the beginning of the year.

Shares of BEML hit a 52-week high of ₹2,437.40 on June 23, 2025, and a 52-week low of ₹1,175 on March 3, 2025.