BEML Bags Rs.246.78 Crore Order from Central Coalfields

BEML Limited, a well-known manufacturer of heavy equipment, has secured an Rs.246.78 crore order from Central Coalfields Limited (CCL) which includes the supply of 48 BH60M rear dump trucks, along with spares and after-sales service support for five years.

Why It Matters

This order is another feather in the cap for BEML, which already sees mining and construction as key revenue drivers, contributing 42% to its sales in FY24. For CCL, a ‘mini-ratna’ and one of Coal India’s eight subsidiaries, this partnership will boost its ability to scale coal production, which hit a record 86.054 million tonnes last year.

The deal also showcases BEML’s push towards self-reliance. Over 90% of its mining equipment is indigenously produced, and the company is looking at bigger opportunities in India and abroad, with interest from CIS countries, Africa, and Indonesia.

What Makes the BH60M Trucks Stand Out?

These trucks are no ordinary machines. Powered by a Cummins engine delivering 644 FHP at 2000 rpm and paired with an Allison transmission, the BH60M rear dump trucks are built to handle the demanding conditions of mining. They have a payload capacity of 54,500 kg. Safety and efficiency are top priorities with these trucks. They come with a 360-degree rear camera, an Automatic Fire Suppression System, and an Auto Lube System for easier maintenance. The design is for reliability while adhering to ISO standards and DGMS safety guidelines.

BEML Ltd shares are currently trading at Rs.3,721.50, reflecting a 0.60% increase today. The stock has gained 30.84% year-to-date and is up 52.60% over the past year.

Conclusion: This Rs.246.78 crore contract not only strengthens BEML’s relations with CCL but also shows its ability to deliver advanced, reliable solutions for India’s mining industry. With a growing product lineup and focus on innovation, BEML is carving a niche for itself.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.