Thu, 15 Oct 2026
08:44:33 am
Rudransh Sangwan
Published at: September 18, 2026, 6:52 AM
Synopsis
BEML shares gained after the company secured a major NHSRCL order for the Mumbai Ahmedabad high speed rail corridor. Check the key reasons behind the move.

BEML share price rose over 3% in morning trade on September 18 after the company secured an order worth more than Rs 5,400 crore from National High Speed Rail Corporation Ltd (NHSRCL).
The contract covers the supply and maintenance of high speed rolling stock and allied works for the Mumbai Ahmedabad High Speed Rail corridor.
| Metric | Details |
|---|---|
| NSE price at 10:57 am | Rs 2,087 |
| Intraday high | Rs 2,121 |
| Morning gain | 3.66% |
| One month gain | 4.8% |
| 2026 gain | 11.5% |
| NSE ticker | BEML |
{{CHART}:BEML}
The stock touched Rs 2,121 during the session. BEML's shares have gained 4.8% over the past month and 11.5% so far in 2026, according to market data cited in the report.
The order from NHSRCL covers high speed rolling stock and related works for the Mumbai Ahmedabad High Speed Rail corridor. BEML said the order was received in the normal course of business.
The contract adds to BEML's railway business and expands its involvement in India's high speed rail programme.
BEML has previously worked on high speed trainsets for the Mumbai Ahmedabad corridor. In 2024, BEML and Medha Servo Drives received an Rs 866 crore contract for designing, manufacturing and commissioning two eight car high speed trainsets.
The earlier trainsets were designed for a maximum speed of 280 kmph and an operational speed of 250 kmph. The latest order further increases BEML's role in the project.
BEML Chairman and Managing Director Shantanu Roy said last month that the company was targeting around Rs 20,000 crore in order inflows during the current financial year, subject to tender finalisation.
The company has also identified order prospects worth more than Rs 40,000 crore across rail and metro, mining, defence, construction and exports.
Investors will track execution of the new NHSRCL contract, future railway orders, BEML's order inflows and its financial performance. The company also expects around 30% revenue growth for the current fiscal, according to comments reported last month.
| Metric | Value |
|---|---|
| Current price | Rs 2,087 |
| Intraday high | Rs 2,121 |
| One month return | 4.8% |
| 2026 return | 11.5% |
| NSE ticker | BEML |

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