BEML

May 8 (Reuters) - BEML Ltd BEML.NS:

• BEML LTD- EXTENDED ADDITIONAL CHARGE OF SHANTANU ROY AS CHAIRMAN MD ON BOARD OF BEML LAND ASSETS LIMITED (BLAL) FOR A PERIOD OF ONE YEAR

Source text: [ID:]

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** Shares of BEML BEML.NS rise as much as 8% to 1,910 rupees, its highest since Jan. 5, last up 5.4%

** Construction vehicles maker bags order worth 5.9 billion rupees ($62.96 million) from the Ministry of Defence for supply of Trawl Assemblies

** BEML almost flat YTD

($1 = 93.7075 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

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April 21 (Reuters) -

• INDIA GOVERNMENT: DEFENCE MINISTRY INKS 9.75 BILLION RUPEES PACTS FOR ASSEMBLY FOR TANKS FOR INDIAN ARMY

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April 13 (Reuters) - BEML Ltd BEML.NS:

• BEML LTD - SECURES USD 36.38 MILLION EXPORT ORDER FROM MIDDLE EAST

Source text: ID:nNSE7SlTXx

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April 9 (Reuters) - BEML Ltd BEML.NS:

• BEML LTD - CO AND DELHI METRO RAIL CORPORATION TO JOINTLY BID FOR RAIL AND METRO PROJECTS

Source text: ID:nNSEbtsLGG

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March 18 (Reuters) - BEML Ltd BEML.NS:

• BEML LTD - GETS ORDER WORTH USD 60 MILLION

Source text: ID:nnAZN4SLVGV

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Feb 6 (Reuters) - BEML Ltd BEML.NS:

• BEML LTD DEC-QUARTER CONSOL LOSS 223.8 MILLION RUPEES

• BEML LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 10.83 BILLION RUPEES

• BEML LTD - DECLARES INTERIM DIVIDEND OF 2 RUPEES PER SHARE

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Dec 16 (Reuters) - BEML Ltd BEML.NS:

• SECURES 1.10 BILLION RUPEES ORDER FROM MINISTRY OF DEFENCE

Source text: ID:nBSE4J0JJW

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Dec 5 (Reuters) - BEML Ltd BEML.NS:

• BEML LTD - SIGNS MOU WITH HD KOREA AND HYUNDAI SAMHO FOR MARITIME CRANES

Source text: ID:nNSE94XF7T

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Dec 4 (Reuters) - BEML Ltd BEML.NS:

• SECURES ORDER VALUED AT 1.57 BILLION RUPEES

Source text: ID:nBSE47pPqB

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Nov 14 (Reuters) - BEML BEML.NS:

• ENTERS MOU WITH APMB, DMRC, AND UTIPL

• MOU FOR REAL TIME AUTOMATIC CARGO EVACUATION SYSTEM

Source text: ID:nBSE93wrsk

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Oct 16 (Reuters) - BEML Ltd BEML.NS:

• BEML LTD - CO, KINECO SIGN MOU FOR AEROSPACE AND DEFENCE COLLABORATION

Source text: ID:nNSE5dxpcC

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Aug 11 (Reuters) - India's state-owned BEML BEML.NS reported a narrower first-quarter loss on Monday, helped by better order execution and a surge in non-operating income.

The heavy equipment manufacturer reported a loss of 641.1 million rupees ($7.3 million) in the April-June period, compared to a loss of 704.7 million rupees in the year-ago quarter.

India's manufacturing sector activity INPMI=ECI hit a 10-month-high in April and a 14-month-high in June, led by a surge in exports.

The Bengaluru-based firm's revenue was largely unchanged at 6.34 billion rupees, but its non-operating income, usually income from investments, surged 16-fold to 85.7 million rupees.

BEML is known for its mainstay railway business, which makes India's Vande Bharat express trains as well as metro rail coaches. Last year, however, the business reported lower revenue due to weak execution of past orders.

The company's Managing Director, Shantanu Roy, told CNBC-TV18 in May that he expects the business to scale up in the current year on improved order executions and also form the bulk of new contracts, which are expected to take the company's order book to 220 billion rupees from about 146 billion rupees in fiscal 2025.

BEML is also targeting a 150-basis-point improvement in its earnings before interest, taxes, depreciation and amortisation (EBITDA) margin to about 14.5% in fiscal 2026.

Expenses were flat for BEML, which also makes missile launch vehicles, with raw material and employee costs inching marginally lower.

($1 = 87.6170 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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Aug 4 (Reuters) - BEML Ltd BEML.NS:

• GOT CONTRACT VALUED ABOUT 2.82 BILLION RUPEES

Source text: ID:nBSE1tVYSH

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July 25 (Reuters) - BEML Ltd BEML.NS:

• BEML LTD - CO, HINDUSTAN SHIPYARD SIGN MOU FOR MARINE SYSTEMS

Source text: ID:nBSE3ftgPT

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July 23 (Reuters) - BEML Ltd BEML.NS:

• BEML LTD - BAGGED ORDER WORTH 2.94 BILLION RUPEES

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July 21 (Reuters) - BEML Ltd BEML.NS:

• BEML LTD - SUB-DIVISION OF 1 SHARE INTO 2 SHARES

Source text: [ID:]

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July 11 (Reuters) - BEML Ltd BEML.NS:

• BOARD TO DISCUSS EQUITY SHARE SPLIT

Source text: ID:nBSE6pvmDF

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** Shares of BEML BEML.NS rise 1.6% to 4,598 rupees, set to gain for third straight session

** Construction vehicles maker bags two export orders worth $6.23 Mln

** First order from Commonwealth of Independent States region to supply heavy duty bulldozers and second order from Uzbekistan to Supply high performance motor grader

** BEML up ~13% YTD

(Reporting by Vijay Malkar)

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July 4 (Reuters) - BEML Ltd BEML.NS:

• GETS CONTRACT WORTH $6.23 MILLION

Source text: ID:nBSE7HTWjk

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** Shares of BEML BEML.NS rise 2.3% to 4470.90 rupees

** NDTV Profit reports the state-owned railways and defence engineering firm is in the race to secure the Mumbai suburban rail network upgrade project

** Report says Mumbai Railway Vikas Corporation is set to re-invite tender for a revamp of Mumbai local trains, citing a senior industry executive

** BEML did not immediately respond to a Reuters email seeking comment

** BEML shares are up 7.6% in 2025 so far, outperforming the 2% drop in small-cap index .NIFSMCP100

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of BEML Ltd BEML.NS surge 12.3% to 4,174.3 rupees

** Stock hits its highest level since early January

** State-owned railways and defence engineering firm expects revenue to grow 20% and margins of 14.5% in FY26, its Chairman Shantanu Roy tells CNBC-TV18

** Expecting order book to rise to 220 billion rupees ($2.6 billion) from 140 billion rupees by FY25-end, Roy tells channel

** Trading volume at 4 mln shares; 7.5x the 30-day average

** Stock turns positive YTD, last up 3%

($1 = 84.9800 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of engineering co BEML BEML.NS up 2.4% to 3,710 rupees

** Firm, which makes rail coaches and metro cars, reports 12% jump in Q4 profit, 9.2% climb in revenue

** BEML rose more than 4% post results, before trimming some gains

** Avg rating of four analysts is "strong buy" and median PT is 3,999.5 rupees, ~8% higher than current price - data compiled by LSEG

** BEML down ~9% YTD vs rival Jupiter Wagons' JUWL.NS ~20% fall

($1 = 85.3575 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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** Indian defence stocks climb after India attacked Pakistan and Pakistan-administered Kashmir on Wednesday

** Pakistan said it had shot down five Indian fighter jets in the worst fighting in more than two decades between the nuclear-armed enemies

** Defence equipment maker Paras Defence PRAF.NS and ship-builder Garden Reach GRSE.NS lead gains, climb ~3% each

** Mazagon Dock MAZG.NS up 2%, Bharat Electronics BAJE.NS and Bharat Dynamics BARA.NS rise 0.3% each

** Defence index .NIFTYINDDEFENCE up 0.6% in broadly flat market .BO

(Reporting by Kashish Tandon in Bengaluru)

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** BEML BEML.NS rises 2.3% to 3,215 rupees

** Rail coaches and metro cars maker gets order worth 4.05 bln rupees ($47.4 million) from Bengaluru Metro Rail Corp Ltd (BMRCL) to manufacture metro cars, train personnel

** Contract includes maintenance services for up to 15 years

** Stock sees busiest session since September 4, 2024, with ~2 mln shares traded - 4.6x the 30 day avg

** Stock gains ~1% in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

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March 27 (Reuters) - BEML Ltd BEML.NS:

• BEML LTD - GOT CONTRACT FROM BENGALURU METRO RAIL CORPORATION

• BEML LTD - SECURES CONTRACT FROM BMRCL FOR BENGALURU METRO RAIL PROJECTS

• BEML LTD - CONTRACT VALUE APPROXIMATELY 4.05 BILLION RUPEES

Source text: ID:nBSEDS4mh

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** Shares of BEML Ltd BEML.NS climb 2.8% to 2,560.30 rupees

** BEML on Wednesday evening said it has signed a non-binding agreement with Siemens' Indian unit SIEM.NS to jointly explore metro rail and semi-high-speed train manufacturing

** State-owned firm also partnered with Dragflow and Italy Forge to explore dredging solutions

** Over 626,000 shares traded, 1.7x the 30-day avg volume

** BEML trims YTD losses to 37%

(Reporting by Nandan Mandayam in Bengaluru)

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March 12 (Reuters) - BEML Ltd BEML.NS:

• BEML LTD - CO AND SIEMENS SIGN MOU TO EXPLORE TRAIN AND METRO MARKETS

• BEML LTD - CO AND DRAGFLOW S.R.L., ITALY FORGE SIGN MOU TO STRENGTHEN DREDGING SOLUTIONS

Source text: ID:nBSE7P05pd

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** Shares of India's BEML BEML.NS slide 3.2% to 3,278 rupees, extends losses to fifth straight session

** Heavy machinery maker's consol Q3 profit nearly halved, rev from ops dropped 16% y/y

** Trading vols at ~429k shares vs 30-day avg of 248.6k shares

** Stock has dropped ~20% so far in 2025

(Reporting by Hritam Mukherjee in Bengaluru)

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Updates with details, market reaction and analyst quotes

MUMBAI, Feb 1 (Reuters) - India's federal government will spend a record 11.21 trillion rupees ($129.54 billion) on infrastructure in the upcoming financial year that begins on April 1, but the increase in planned spending disappointed markets.

The spending plan is slightly higher than the revised 10.18 trillion rupees for the current fiscal year, as per budget documents.

Alongside this, the government has set aside 1.5 trillion rupees for 50-year interest-free loans to states for infrastructure development for 2025-26.

WHY IT'S IMPORTANT

India significantly raised spending on infrastructure after the COVID-19 pandemic, as it tried to boost economic growth and create more jobs in the world's most populous country.

However, the government failed to meet its planned capital spending target of 11.11 trillion rupees in the current financial year.

Growth in Asia's third-largest economy is seen slowing to 6.4% in the current fiscal year, from 8.2% in the previous year, prompting calls for measures to kick-start private investment and job creation.

A failure to create enough well-paying jobs in a country of more than 1.4 billion people, where the majority are under the age of 30, has led to curtailed consumption and investment.

GRAPHIC

KEY QUOTES

"The next year's capex target has seen 10% increase, which will be positive for crowding in private investments," said Sonal Badhan, economist at Bank of Baroda.

"We believe that ~10% growth in capex budget from downward my revised FY25 levels while balancing focus on the fiscal consolidation roadmap is a positive," said Kanika Pasricha, economist at Union Bank of India.

"More importantly, demand stimulus via tax cuts is likely to further help support pickup in private capex recovery even as public capex is hitting absorptive capacity in recent years," Pasricha said.

MARKET REACTION

Stocks of capital goods companies such as Larsen & Toubro LART.NS declined 4%, while Siemens SIEM.NS and BEML BEML.NS fell 5.3% and 1.3% respectively.

($1 = 86.5360 Indian rupees)

(Reporting by Siddhi Nayak; Editing by Varun H K)

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