BEML isn't just a tank maker anymore: How Vande Bharat coaches became bigger than defence in its revenue mix

BEML ended FY26 with a record Rs 15,890 crore order book. While defence remains a major revenue segment, the company now eyes a mega tender for 2,856 Vande Bharat suburban coaches worth Rs 21,000 crore. This move shows how BEML uses its rail expertise to grow beyond traditional tank manufacturing.