Government-owned Bharat Earth Movers Limited (BEML) has bagged an order worth Rs 400 crore to expand Metro train services in Bengaluru.
"BEML has received a contract for seven metro train sets of six cars configuration to augment the metro services in Bengaluru valued around Rs 400 crore," the company informed stock exchanges in regulatory filings on Wednesday.
BEML manufactures rail coaches and spare parts and mining equipment at its Bengaluru complex. The company has three main business verticals -- defence, mining and construction, and rail and Metro.
The three verticals are serviced by nine manufacturing units located at Bengaluru, Kolar Gold Fields (KGF) in Mysore and Palakkad, and subsidiary Vignyan Industries in Chikmagalur district.
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