BEML has received reaffirmation in credit ratings from ICRA as under:

NCDs - ICRA A+; Negative
Line of credit - ICRA A+; Negative
Proposed commercial paper - ICRA A1+

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BEML has received variation order to contract 'MRS1' from DMRC, for additional 12 train sets of 06 cars each (total 72 cars) to operate on line 2B and 7 of Mumbai metro project.

The order is valued at Rs. 501 crore (approx) on equivalent INR basis. With this, the total contract value has increased to Rs. 4318 crores (approx) from the existing Rs. 3817 crores (approx), all amounts mentioned in equivalent INR, for supplies before August 2023.

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Net profit of BEML reported to Rs 17.22 crore in the quarter ended September 2020 as against net loss of Rs 27.20 crore during the previous quarter ended September 2019. Sales declined 3.40% to Rs 663.72 crore in the quarter ended September 2020 as against Rs 687.11 crore during the previous quarter ended September 2019.

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Consolidated revenue from operations stood at Rs 663.72 crore in Q2 September 2020, falling 3.40% from Rs 687.11 crore in Q2 September 2019. The result was announced during market hours today, 6 November 2020.

State-run BEML operates in three verticals viz. defence & aerospace, mining & construction and rail & metro. As of 30 September 2020, the Government of India holds 54.03% stake in BEML.

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