Indian Public Sector Undertaking Bharat Earth Movers Limited (BEML), has received an order worth Rs 1672 crore from Bangalore Metro Rail Corp to supply 150 metro rail coaches by October 2010.

In addition, BEML is also likely to get an additional order for 63 Metro coaches for further expansion and extension of proposed Metro lines in the city. The value of order will be about Rs 600 crore.

It may be noted that Bangalore-based Company earlier won an order worth Rs 1365 crore from Delhi Metro Rail Corp to supply rail coaches.

These metro coaches would be manufactured at its Bangalore Complex in new Thippasandra - a dedicated unit for the manufacture of rail products.

Recently, BEML has posted a net profit of Rs 58.74 crore for the quarter ended December 31st 2008 as compared to Rs 59.24 crore for the quarter ended December 31st
2007.

Shares of the company gained Rs 27, or 7%, to end at Rs 371. The total volume of shares traded was 285,451 at the BSE.