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BEML bags order worth Rs 400 crore for Bengaluru's Namma Metro

BEML manufactures rail coaches and spare parts and mining equipment at its Bengaluru complex.

twitter-logo PTI        Last Updated: February 27, 2019  | 12:42 IST
BEML bags order worth Rs 400 crore for Bengaluru's Namma Metro

State-run BEML 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.

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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 per cent higher at Rs 848.95 apiece on BSE.

Also Read: Delhi Budget 2019-20: AAP govt allocates Rs 500 crore for Metro Phase IV

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