The company said the order was in the normal course of business.
This marks three major order wins for the company in less than a month.
The order comes after BEML received an order valued at $6.65 million from Mauritius last month, on August 14, for the supply of BE220G Hydraulic Excavators for deployment across key African markets, according to a separate regulatory filing.
The company had said then that it would execute the order in phases, with pilot deployment in Sierra Leone. The equipment was to be deployed across Liberia, Sierra Leone, Ghana, the Democratic Republic of Congo, Côte d’Ivoire and neighbouring countries.
BEML had also secured an order worth ₹184.25 crore from Hindustan Aeronautics Ltd (HAL) on August 11 for the manufacture and supply of Light Combat Helicopter (LCH) fuselage aerostructures, marking two major order wins within a month.
Last month, in an interview with CNBC-TV18, the company’s Chairman and Managing Director Shantanu Roy said BEML expected stronger performance in FY27, with around 30% revenue growth during the year.
He said the momentum recorded in the first quarter was expected to continue through the rest of the year, supported by a pick-up in rail and metro orders, steady defence demand and improved execution.On the order front, BEML had targeted around ₹20,000 crore in order inflows for the financial year 2027, subject to the finalisation of key tenders. The company had order prospects worth more than ₹40,000 crore across the rail and metro segments, while additional opportunities were emerging in defence, mining, construction and exports, Roy said.
BEML had also targeted EBITDA margins of around 12-13%, with the company expecting to return to the margin levels recorded in FY24 and FY25, and scope for further improvement, Roy said.
BEML shares rose over 0.39% at intraday trade on Wednesday. The stock has risen over 13% in the past month, and is up 6.82% this year, so far.
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