BEML bags order worth Rs 400 cr for Bengaluru metro

Team Udayavani, Feb 27, 2019, 6:00 AM IST

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 per cent higher at Rs 848.95 apiece on BSE.