BEML bags order worth Rs 250 crore from Northern Coalfields Ltd

The Shares of state-owned unit BEML surged by 9 per cent to Rs 4,036 on the BSE in Friday’s intra-day trade after the BEML Limited, a leading mining and construction equipment manufacturer secured a significant order from Northern Coal Fields Limited (NCL) for the supply of 28 units of BH100 Rear Dump Trucks. The total value of this order amounts to INR 250 Crores. 

The company has a significant opportunity pipeline in Rail & Metro worth around Rs 58,000 crore in FY25 (Rail Rs 44,400 crore and Metro Rs 14,000 crore) and Rs 32,200 crore in FY26 which can boost the order book as in FY24.

As per analysis, some major projects include metro cars in Mumbai, Chennai, and Patna, among others, as well as Vande Bharat rolling stock and a defence order pipeline of Rs 40,000 crore over the next 4-5 years across.

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The BH100 Rear Dump Truck is specifically engineered to transport payloads of up to 100 tonnes, making it an ideal choice for heavy-duty mining operations. Designed to efficiently handle overburden and coal mining, the BH100 boasts a robust design, advanced features, and operational efficiency. Notably, it contributes to reducing operational costs while maintaining high performance levels.

Under this order, the dumpers will be maintained through a Guaranteed Spare Parts contract for a period of 5 years, ensuring uninterrupted service and operational efficiency. BEML’s dedication to innovation extends beyond mining equipment, as the company continuously advances its technological capabilities. This commitment not only strengthens its position in the mining equipment sector but also contributes to enhancing the efficiency and sustainability of infrastructure projects in India.

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Meanwhile, the company reported a solid 62.85 per cent year-on-year (YoY) growth in consolidated profit after tax (PAT) at Rs 256.80 crore in the March 2024 quarter (Q4FY24).

The state-owned construction vehicles company had posted a PAT of Rs 157.69 crore in Q4FY23. It reported a PAT of Rs 48.20 crore in the December quarter (Q3FY24). Revenue from operations grew 9 per cent YoY at Rs 1,513.65 crore.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 29.1 per cent YoY to Rs 370 crore. EBITDA margin increased by 381 bps YoY to 24.5 per cent.

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