BEML Secures ₹2501 Crore Metro Rolling Stock Contract from Chennai Metro
Team Finance Saathi
28/Nov/2024
What's covered under the Article:
- BEML has secured a ₹2501 crore contract for metro rolling stock from Chennai Metro.
- The contract includes design, manufacturing, and 15-year maintenance services.
- The project focuses on Standard Gauge Metro Rolling Stock (EMUs) and depot machinery.
BEML Limited (formerly Bharat Earth Movers Limited) has announced a significant achievement in the metro rail sector, securing a contract worth ₹2501 crores from Chennai Metro Rail Limited. This contract, disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, covers the Design, Manufacture, Supply, Testing, Commissioning, and Training of Personnel for fifteen years of comprehensive maintenance of the Standard Gauge Metro Rolling Stock (Electrical Multiple Units or EMUs) and Depot Machinery & Plant.
Key Project Details:
The contract is an important step for BEML, reaffirming its role as a leading player in the rail transport and metro infrastructure space. The scope of the contract includes:
- Manufacturing and supplying the Standard Gauge Metro Rolling Stock.
- Designing and commissioning the Depot Machinery & Plant for efficient operations.
- Comprehensive 15-year maintenance contract to ensure long-term operational reliability.
This project is expected to improve Chennai Metro's operational capacity, enhancing the metro services offered to the public. It highlights BEML’s expertise in providing complete turnkey solutions for the rail transport sector, from designing and manufacturing to maintenance.
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Financial and Operational Impact:
This project, valued at ₹2501 crores, is an important growth opportunity for BEML as it strengthens its metro rail division and expands its footprint in public transportation projects across India. The comprehensive nature of this contract, which includes testing, training, and maintenance, showcases BEML’s ability to deliver large-scale, integrated solutions over a long-term period, marking a significant addition to their portfolio.
BEML’s Role in India’s Metro Growth:
As the metro rail network in Indian cities continues to expand, BEML plays a crucial role in modernizing urban mobility. The Chennai Metro project, in particular, is a part of the Indian government’s push for improved urban infrastructure and sustainable transportation solutions. This win demonstrates BEML’s leadership in engineering solutions for high-demand public transportation systems.
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