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BEML hits 52-week high on executing export order to Zimbabwe

Date 02-April-2015
Subject BEML hits 52-week high on executing export order to Zimbabwe

Shares of BEML have moved higher by 4% at Rs 1,137 on the National Stock Exchange (NSE) after the company said it has executed an export order worth of Rs 70 crore to Zimbabwe.

The company has exported a fleet of mining and construction equipment worth Rs 70 crore to M/s Hwange Colliery, the largest coal mines owned by Government of Zimbabwe under NEIA (National Export Insurance Account) Buyers Credit Scheme of EXIM Bank of India, BEML said in a statement.

The company said it has exported its products to Nepal, Tanzania, Zimbabwe and Vietnam during the year 2014-15.

The stock opened at Rs 1,100 and hit a 52-week high of Rs 1,144 on the NSE. A combined 337,314 shares changed hands on the counter on the NSE and BSE till 1138 hours.

Source : business-standard.com

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