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State-run BEML secures order worth Rs.400 crore ($56 Mn) for Bengaluru Metro.

BEML bags order worth Rs.400 crore ($56 Mn) for Bengaluru metro

PTI – TFM Watch

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Bengaluru: State-run BEML on Wednesday said it has bagged an order worth Rs 400 crore to augment 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 and 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 percent higher at Rs.848.95 apiece on BSE.

Source: PTI

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