BEML is trading higher by 2.7% at Rs 475 on back of news reports that the company is looking at a turnover of Rs 2,000 crore from the mining and construction equipment business during the current fiscal (2011-12), a growth of 25 per cent over last fiscal, a top company official said Friday.

“We have a strong order book of Rs 6,000 crore on hand and we have just enhanced our product portfolio with the launch of Rail-Road Excavator among others. We have a strong enquiry from the Indian railway contractors and road developers for this product," V R S Natarajan, chairman and managing director, BEML, told Business Standard on the sidelines of Excon 2011, international exhibition on construction equipment.

In intra-day deals, the stock opened at Rs 458 and touched the high of Rs 478. The trading volmes on the counter surged over two-fold as 21,376 shares changed hands compared to its-two week average of 7,736 shares.