BEML receives Rs 400 crore worth six-coach trains for Namma metro project
The Bharat Earth Movers Limited has bagged a six-coach trains for the Bengaluru Metro Rail Corporation Limited worth Rs 400 crore. Bengaluru will soon have trains with six coaches to manage peak hour crowd.
Bengaluru: The state-run Bharat Earth Movers Limited (BEML) on Wednesday said it has seized an order worth Rs 400 crore to increase the metro services in Bengaluru.
"BEML has received a contract for seven metro train sets of six cars configuration to augment the metro services in Bengaluru valued around Rs 400 crore," the company said in a regulatory filing.
BEML manufactures rail coaches, spare parts and mining equipment at its Bengaluru complex.
The company operates under three major business verticals mining and construction, defence and rail and metro.
The three verticals are serviced by nine manufacturing units located at Bengaluru, Kolar Gold Fields (KGF), Mysore, Palakkad and Subsidiary - Vignyan Industries, in Chikmagalur District.
Shares of BEML were trading 3.05% higher at Rs 848.95 each on Bombay Stock Exchange (BSE).
BEML is an Indian public sector undertaking, with headquarters in Bengaluru where they manufacture heavy equipment which is used for earth moving, transportation and mining.