Rs 11,818 crore order book: Train Manufacturer Stock Rockets 8.8 Per Cent After Launch of India’s First Vande Bharat Sleeper Trainset
The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 1,904.50 per share and has been maintaining a healthy dividend payout of 29.7 per cent.
On Wednesday, shares of BEML Ltd rocketed 8.80 per cent to Rs 4,190 per share from its previous closing of Rs 3,851.80 per share. The stock’s 52-week high is Rs 5,489.10 and its 52-week low is Rs 1,904.50. At the closing bell, shares of the company were trading at Rs 4,109.20 per share, up 6.68 per cent with a spurt in volume by more than 4.63 times on BSE.
The inauguration of India's first Vande Bharat Sleeper trainset at BEML's Bangalore rail complex marks a significant milestone for Indian railways. The trainset, indigenously designed and manufactured by BEML, is a testament to the company's capabilities in rail and metro systems. The event was graced by notable dignitaries, including the Hon'ble Union Minister for Railways, Shri Ashwini Vaishnaw, who also laid the foundation stone for a new Hangar facility dedicated to the export of rolling stock.
The Vande Bharat Sleeper trainset is a first-of-its-kind in India, featuring advanced safety features, world-class facilities, and superior interiors. Designed to revolutionize long-distance rail travel, the trainset offers a passenger experience on par with European standards. With features such as ergonomic seating, spacious sleeper berths, modular pantries and specially designed facilities for differently-abled passengers, the trainset aims to enhance comfort and convenience for travellers.
Engineered with precision and attention to detail, the Vande Bharat Sleeper trainset boasts numerous modern features aimed at improving passenger experience and safety. From automatic exterior passenger doors and sensor-based inter-communication doors to remotely operated fire barrier doors and integrated reading lights with USB charging provisions, the trainset incorporates elements that prioritize both functionality and passenger comfort. BEML's expertise in integrating critical systems such as electrical, propulsion, bogies, exterior plug doors, brake systems and HVAC ensures optimal performance and seamless operation.
The Vande Bharat Sleeper trainset is expected to transform long-distance travel in India, offering a blend of comfort, safety and efficiency at speeds of up to 160 kmph. With a passenger capacity of 823 across 16 coaches, the train features various berth types, including AC 3 Tier, AC 2 Tier and First-Class AC berths. This project underscores BEML's commitment to advancing India's rail capabilities, showcasing the company's expertise in designing and manufacturing world-class trainsets that meet international standards.
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About Bharat Earth Movers Limited (BEML Ltd)
BEML Limited is a leading multi-technology ‘Schedule A’ company under the Ministry of Defence, which plays a pivotal role in serving India’s core sectors like defence, rail, power, mining and construction by offering world-class products. BEML operates in three verticals viz. defence & aerospace, mining & construction and rail & metro and has state-of-the-art manufacturing facilities located at Bangalore, Kolar Gold Fields (KGF), Mysore, Palakkad, with very strong R&D infrastructure and a nationwide network of sales and services. BEML Limited, a committed player in the field of manufacturing earthmoving, transportation and construction equipment, celebrates a rich legacy spanning six decades of relentless pursuit of excellence and innovation.
The company has a market cap of over Rs 17,000 crore and as of June 30, 2024, the company’s order book stands at Rs 11,818 crore. The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 1,904.50 per share and has been maintaining a healthy dividend payout of 29.7 per cent. Investors should keep an eye on this Small-Cap PSU stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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