BEML has signed a Memorandum of Understanding (MoU) with RITES to explore and jointly bid for opportunities in the fields of Metro systems and export of rolling stock. As part of the MoU, RITES will provide expertise in design, engineering, marketing and any other support that may be required for tapping domestic and overseas opportunities while BEML will be responsible for manufacturing of customized metro coaches and rolling stock.

The MoU will allow both companies to leverage each other’s expertise and technologies to opitimise operations and expand on a global level. It would enable BEML and RITES to jointly bid and provide the entire spectrum of services from design, manufacture to operations & maintenance for the existing and upcoming Metro systems as well as export of rolling stock and related services.

BEML a leading mining and construction equipment manufacturer has designed and developed indigenously over 40 products through its R&D, and are not only working in India but also in 65 countries around the world.

BEML Share Price

4045.10 -30.40 (-0.75%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
BEML 4045.10
Action Const. Equip 1493.35
Sanghvi Movers 304.25
Brady & Morris Engg 1722.05
TIL 294.90
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