BEML Secures Contract Worth INR8.67 Billion for High-Speed Rail Design and Manufacturing

MT Newswires Live10-15

BEML (NSE:BEML, BOM:500048) has bagged a contract worth 8.67 billion Indian rupees from Integral Coach Factory (ICF), Chennai, according to a Tuesday filing to the stock exchanges.

The contract is for the design, manufacturing, and commissioning of two high-speed trainsets, each comprising 8 cars priced at 278.6 million rupees apiece.

The trainsets will be built at the company's rail coach complex in Bengaluru, India and are scheduled for delivery by the end of 2026.

Price (INR): ₹3733.00, Change: ₹+4.8, Percent Change: +0.13%

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