Metro projects to benefit BEML: Kushal Rughani, HDFC Sec
  • WebDesk BTVI
  • Jun 25 2019

Kushal Rughani of HDFC Securities talks about how BEML operates in three major segments: Mining & Construction, Railway and Defence. He says the company received the largest order from Mumbai metro at Rs 3,000 crore in Q3 FY19. On growing opportunity in metro projects, he says BEML is going to be the largest beneficiary and is estimating a 20% turnover along with 85% PAT. He says with the efforts taken to improve the performance in the company, the return ratio will improve.