BEML wins ₹180.60 crore order for Vande Bharat sleeper trainsets
State-owned engineering company BEML has secured an additional order worth approximately ₹180.60 crore from the Integral Coach Factory (ICF) for the manufacturing and supply of Vande Bharat sleeper trainsets, the company announced on September 2. The company confirmed the order was received in the normal course of business.
The contract covers the manufacture and supply of the sleeper trainsets, as detailed in a regulatory filing, and adds to BEML's involvement in the Vande Bharat programme as Indian Railways expands the network beyond its existing chair-car configuration.
The Vande Bharat sleeper variant is being developed for longer-distance journeys, designed to combine the speed and modern features of the Vande Bharat platform with overnight travel capabilities, according to reports from The Economic Times.
Regulatory disclosure and contract details
BEML informed both the National Stock Exchange and BSE about the fresh order under Regulation 30 of the Securities and Exchange Board of India's Listing Obligations and Disclosure Requirements Regulations, 2015. The company did not disclose the number of trainsets covered under the order or provide a delivery schedule.
The contract from ICF, one of Indian Railways' major production units, further strengthens BEML's role in the manufacturing and supply of rolling stock for the Vande Bharat programme, the company said.
BEML, a public-sector engineering company under the Ministry of Defence, manufactures a range of products spanning defence equipment, rail and metro coaches, and heavy engineering machinery.
Recent order momentum
This latest order marks three major contract wins for BEML in less than a month. On August 14, the company received an order valued at $6.65 million from Mauritius for the supply of BE220G Hydraulic Excavators, with pilot deployment in Sierra Leone and equipment to be deployed across Liberia, Ghana, the Democratic Republic of Congo, Côte d'Ivoire and neighbouring countries.
Earlier, on August 11, BEML secured an order worth ₹184.25 crore from Hindustan Aeronautics Ltd (HAL) for the manufacture and supply of Light Combat Helicopter (LCH) fuselage aerostructures.
Outlook and financial targets
In an interview with CNBC-TV18, BEML's Chairman and Managing Director Shantanu Roy said the company expected stronger performance in FY27, with around 30% revenue growth during the year. He noted that momentum recorded in the first quarter was expected to continue, supported by a pick-up in rail and metro orders, steady defence demand and improved execution.
BEML has targeted around ₹20,000 crore in order inflows for FY27, subject to the finalisation of key tenders, with order prospects worth more than ₹40,000 crore across the rail and metro segments alone. The company is also targeting EBITDA margins of around 12-13%.
The latest order is expected to add to BEML's rail and metro business order book and provides additional revenue visibility for its rolling stock division, with execution to be closely observed as Indian Railways expands the Vande Bharat network beyond daytime chair-car services.