BEML sees strong growth, driven by rail and defense

BEML Limited anticipates ending 2025 with an order book exceeding Rs. 20,000 crores, primarily driven by its rail and metro and defense segments. The company expects its rail and metro vertical to experience a "quantum jump" in revenue in 2026, with major metro projects in Bangalore, Chennai, and Mumbai reaching peak or initial production stages. Defense revenue is projected to grow by 70-80% in 2025, with a target of 20% overall growth in 2026.

The company is also venturing into new areas, including maritime cranes, estimating a potential revenue of around Rs. 4,000 to Rs. 5,000 crore from this segment in the coming years. While mining is expected to remain flat or see minimal growth of 3-5% annually, BEML is focusing on sustainable mining and seeking partners for underground mechanized mining to diversify from its reliance on Coal India.

BEML aims to achieve an equitable distribution of revenue across all four quarters by reducing dependence on the coal industry and maintaining a robust order book pipeline for its rail and metro and defense segments. The company also highlighted its participation in the AMCA program in a consortium with Bharat Forge and Data Patterns, focusing on aerostructures.