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BEML advances delivery of the first intermediate car unit to BMRCL

Posted On: 2018-02-16 22:23:49

BEML LIMITED, a Public Sector Company under the Ministry of Defence and the premier manufacturer of Metro Cars, has today delivered the first intermediate car unit to BMRCL. This intermediate car unit shall be integrated with the existing 3-car train sets to form 6-car train sets, which will eventually double the present passenger carrying capacity of the Metro.

At a function held today at BEML Bangalore Complex, Shri D.K. Hota, CMD, BEML handed over the Metro Car Unit to Shri Mahendra Jain, I.A.S., MD, BMRCL and Addl. Chief Secretary, Urban Development, GoK, in the august presence of Shri Ananth Kumar, Hon'ble Minister for Chemicals & Fertilizers and Parliamentary Affairs, Shri K.J. George, Hon'ble Minister for Bangalore Development & Town Planning, GoK.

The occasion was also graced by Shri. P.C. Mohan, Hon'ble MP, Shri S. Raghu, Hon'ble MLA and Shri M. Narayanaswamy, Hon'ble MLC.

The deliveries of the intermediate car units are scheduled to commence from June 2018 as per the contract conditions. However, considering the increased public demand, BEML worked together with BMRCL for advancing the deliveries and successfully delivered the first intermediate car unit today.

On this occasion, Shri D.K. Hota, CMD, BEML said "BEML is committed to offering world class services to metro corporations, thereby reducing the urban congestion and to successfully realize the 'Make in India' policy of the Government of India."

Apart from BMRCL, BEML is presently executing contracts for Kolkata Metro East - West project and Delhi Metro phase - 3 projects. The mock-up of Kolkata Metro project has recently been delivered and has drawn wide appreciation from public and experts alike.

BEML has forayed into the manufacture and supply of hi-tech Metro Cars in 2002. Since then, BEML had made significant strides and supplied to various Metro Rail Corporations across the Country like Delhi Metro, Bangalore Metro, Jaipur Metro numbering more than 1300 metro coaches till date. BEML now look forward to emerge as the preferred destination for metro coaches / advanced trains within the country as well as foray into manufacture of high speed trains in near future.

Shares of BEML LTD. was last trading in BSE at Rs.1263.15 as compared to the previous close of Rs. 1305.1. The total number of shares traded during the day was 41795 in over 1561 trades.

The stock hit an intraday high of Rs. 1349.9 and intraday low of 1246. The net turnover during the day was Rs. 53622672.


Source: Equity Bulls

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