Bharat Earth Movers Limited (BEML Ltd) announced that it has received a Letter of Intent for a metro rolling stock project in the African region. The order covers standard gauge coaches and includes activities such as design, manufacturing, supply, testing, and commissioning.
The company disclosed the development as part of a regulatory filing dated 18 March 2026.
The order is valued at about $60 million, which is roughly ₹550 crore. It involves stainless steel metro rolling stock built to standard gauge requirements.
The contract structure indicates responsibility across multiple stages, including production and final delivery.
This is the first time BEML has secured a metro rolling stock order outside India. The company has so far been involved in supplying coaches for domestic metro projects.
The addition of an overseas project introduces a new geography to its existing order book.
BEML operates across rail, defence and mining equipment segments. Within rail, it has supplied metro coaches and related systems to Indian cities over the years.
The company is headquartered in Bengaluru and is listed on both the NSE and BSE.
The order requires execution from initial design to commissioning, which includes testing and delivery of the coaches. Such contracts typically involve meeting technical specifications and timelines agreed with the client authority.
The use of stainless-steel coaches is consistent with common metro rolling stock configurations.
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As of March 18, 2026, 3:10 pm, BEML Ltd share price stood at ₹1,561.50, a 3.27% increase from the previous closing price.
The ₹550 crore order adds an overseas component to BEML’s rail business, with execution covering design, supply and commissioning of metro coaches.
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Published on: Mar 18, 2026, 3:27 PM IST
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