BEML, Siemens to manufacture rail coaches

01 Mar 2010 Editorial Team

Bharat Earth Movers Ltd (BEML) and Siemens India have signed an accord to jointly manufacture and market stainless steel coaches for suburban rail systems.

As per the agreement, BEML is likely to manufacture stainless steel electric multiple units (EMUs) whereas Siemens will manufacture the high-performance bogies and three-phase insulated gate bipolar transistor (IGBT) propulsion system, which it is already supplying to Indian Railways.

The two firms will jointly bid for purchase orders from Indian Railways and suburban train operators such as Mumbai Railway Vikas Corporation Ltd. With this agreement, BEML and Siemens will work together for metro propulsion towards maximising indigenisation and bringing down costs in respect of metro cars.

Contact: BEML Ltd. Tel: 080-2296 3240. Fax: 080-2296 3278. E-mail: office@pr.beml.co.in Website: www.bemlindia.com

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..