BEML wins first overseas rail contract

BEML shares rallied 2% on Monday after it secured its first overseas contract in the Rail and Metro segment from Malaysia.

BEML - Bharat Earth Movers Limited is a state-owned company and a key player in India’s rail, metro, defence, and mining equipment manufacturing.

The deets: the order is valued at $1 million and under the terms of the order, BEML will be responsible for the Retrofit and Reconditioning of the Mass Rapid Transport System.

Zoom out: this milestone signals BEML’s push into the global market, diversifying beyond domestic orders. It also aligns with India’s “Make in India” export push, as cost-effective upgrades gain favour over brand-new fleets in global metro networks.

Quick bite: BEML posted a wider-than-expected net loss in Q1FY26, with revenue stagnant at ₹634 crore, well below the anticipated ₹689 crore, which implied 9% YoY growth.