BEML Receives Largest Order from Delhi Metro
Thursday, October 25, 2007
Just a while ago, we received communication from Bharat Earth Movers Ltd. They stated that they have secured an order from Delhi Metro Rail Corporation (DMRC) for manufacture and supply of 156 numbers state-of-the-art standard gauge stainless steal metro cars towards second phase of operation worth Rs 1144 crore. This order is the single largest historic contract BEML has bagged. BEML is also looking forward for an additional order of 36 metro cars from DMRC.BEML's Rail & Metro Business Group has tied up with IL&FS for working as a consortium to bag metro projects in the country and BEML will supply rolling stock, spares and after sales service for metro projects. BEML & ILFS combine is also exploring the possibility to work on the city centre to international airport segment of Metro project at both Hyderabad and Bangalore Metro.
Recent Corporate Earnings / Breaking News
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- Reliance Capital Results - Not Good
- TVS Motors + Gujarat Gas + Areva T&D
- Arvind Mills + Cherokee in India
- Merill Lynch Preferred Stocks
- Nitin Fire Protection Nod For Exports
- Suzlon Energy Stock Split + Results
- Satyam Results and Guidance
- Rajesh Export Stock Split + Rolta Bonus Issue
- Indian Passenger Car Sales - Sept-2007
