BEML secures major Chennai Metro order boosting total order book to Rs 15,100 crore

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BEML has received a significant order worth Rs 3,658 crore from Chennai Metro, boosting its total order book to Rs 15,100 crore. This marks a shift towards higher-margin businesses in the Railway and Defence sectors. The Railway and Metro segments now account for 60% of BEML's order book, while the contribution from the lower-margin mining business is expected to decline from 41% to 30% in the medium term. Antique Stock Broking maintains a 'Buy' rating on BEML, projecting an 18% revenue growth and a 37% earnings growth from FY24 to FY27. The target price for the stock is set at Rs 5,185.


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BEML secures major Chennai Metro order boosting total order book to Rs 15,100 crore | News Minimalist