BEML signs MoU for maritime financing as fresh rail and metro orders boost portfolio

BEML Limited has signed a strategic memorandum of understanding with Sagarmala Finance Corporation Limited to unlock dedicated financial support for India’s domestic maritime manufacturing ecosystem.

The move accompanies another MoU BEML signed with HD Korea and Hyundai Samho for maritime cranes, expanding its presence in the shipbuilding and port equipment space.

As of 2:04 pm on Friday, shares of BEML were trading at ₹1,715 on the NSE, down 2.85 percent after hitting an intraday high of ₹1,779.80.

The announcement adds to a busy week for the defence PSU. On Thursday, BEML secured a ₹157 crore order from Loram Rail Maintenance India for manufacturing switch rail grinding machines to be supplied to Indian Railways for track maintenance.

The order followed another win on Wednesday — a ₹414 crore contract from Bangalore Metro Rail Corporation to supply additional trainsets for the Namma Metro Phase II project.

The back-to-back orders strengthen BEML’s growing rail and metro portfolio, one of its key verticals alongside defence and aerospace, and mining and construction.

BEML, a ‘Schedule A’ public sector enterprise under the Ministry of Defence, remains majority-owned by the Government of India, which held a 53.86 percent stake as of 30 June 2025.

The company last month reported a mixed July–September quarter for FY26, with net profit down 6 percent year-on-year to ₹48 crore and revenue dipping 2.4 percent to ₹839 crore. EBITDA held steady at ₹73 crore, while operating margin inched up to 8.7 percent from 8.5 percent a year earlier.