BEML on Thursday announced that it has bagged an order worth Rs 3658 crore from Chennai Metro Rail. The contract encompasses a comprehensive scope including design, manufacture, supply, testing, commissioning, training of personnel and maintenance contract of standard gauge metro rolling stock (electrical multiple units) and depot machinery & plant.
In a regulatory filing, the company said, “Pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulation, 2015, we wish to inform you that on 27.11.2024, M/s. Chennai Metro Rail Limited has awarded a contract to BEML for “Design, Manufacture, Supply, Testing, Commissioning, Training of Personnel and Comprehensive Maintenance Contract for Fifteen Years of Standard Gauge Metro Rolling Stock (Electrical Multiple Units) and Depot Machinery & Plant.”
Earlier this month, BEML posted its fiscal second quarter earnings with a profit decline of 1.5 per cent due to lower demand for its heavy machinery and equipment as manufacturing activity dipped. Profit for the period stood at Rs 51.03 crore in comparison to Rs 51.78 crore a year earlier. Its revenue from operations dropped by 6.2 per cent YoY. BEML executed orders worth Rs 811.00 crore during the quarter, compared with Rs 910 crore a year earlier.