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BEML wins orders worth Rs 501 crore from the DMRC for additional 12 train sets

BEML wins orders worth Rs 501 crore from the DMRC for additional 12 train sets
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BEML wins orders worth Rs 501 crore from the DMRC for additional 12 train sets 

Highlights

BEML Limited, a Bengaluru-based public sector undertaking, on Sunday said that it has received orders worth Rs 501 crore from Delhi Metro Rail Corporation Limited (DMRC) for additional 12 train sets of 6 cars each (total 72 cars).

BEML Limited, a Bengaluru-based public sector undertaking, on Sunday said that it has received orders worth Rs 501 crore from Delhi Metro Rail Corporation Limited (DMRC) for additional 12 train sets of 6 cars each (total 72 cars). It had received variation order to contract 'MRS1' from DMRC, for additional 12 train sets to operate on line 2B and 7 of Mumbai metro project.

BEML in a regulatory filing has said, "We wish to inform that BEML has received variation order to contract 'MRS1' from DMRC, for additional 12 trainsets of 06 cars each (total 72 cars) to operate on line 2B and 7 of Mumbai metro project. The order is valued at Rs. 501 crores (approx) on equivalent INR basis."

The total contract value has increased to Rs 4,318 crores (approx) from the existing Rs 3,817 crores (approx). The orders are for supplies before August 2023.

BEML Limited established in May 1964 is a Public Sector Undertaking for the manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex. The Company has partially disinvested and presently Government of India owns 54 per cent of total equity and rest 46 per cent is held by Public, Financial Institutions, Foreign Institutional Investors, Banks and Employees. BEML Limited, a 'Schedule-A' Company, plays a pivotal role and serves India's core sectors like Defence, Rail, Power, Mining and Infrastructure.

The Company operates under three major Business verticals viz., Mining & Construction, Defence and Rail & Metro. The three verticals are serviced by nine manufacturing units located at Bangalore, Kolar Gold Fields (KGF), Mysore, Palakkad and Subsidiary - Vignyan Industries Ltd, in Chikmagalur District.

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