BEML Limited has received letter of acceptance for design, manufacture and commissioning of 10 Trainsets (Sleeper) on Vande Bharath platform, from Integral Coach Factory, Chennai.
The total value of order is Rs. 675 Crores exclusive of taxes.
Market is expecting Government to divest 26% stake along with Management control. Government has already listed its non core assets and if privatisation of BEML happens, it may lead to rerating of the stock.