BEML bags Rs 1144 cr order from Delhi Metro

BEML bags Rs 1144 cr order from Delhi Metro :The rail and metro business group of BEML Ltd has bagged Rs 1,144 crore order from Delhi Metro Rail Corporation to supply 156 standard gauge stainless steel metro cars for their second phase of operation. This is the single largest contract that BEML has bagged in its history.

The cars will be manufactured at the Bangalore complex and the delivery is expected to be completed before the 2010 Commonwealth Games in New Delhi. BEML is also expecting further order of 36 cars from Delhi Metro.

The rail and metro business group has tied up with IL&FS for working as a consortium for the metro projects and BEML will supply rolling stock, spares and after sales service for metro projects. Besides, BEML is also exploring avenues to establish a joint venture with an international player for manufacture of various types of bogies in the country.

The Rs 2,600-crore Mini Ratna company has set itself a target of achieving Rs 5,000 crore business turnover in 2013-14 by capitalising in all the three of its business groups – mining and construction, rail and metro and defence.

BEML bags Rs 1144 cr order from Delhi Metro

Source : financialexpress

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