BEML Bengaluru: Minister lays foundation stone of new hangar

03 Sep 2024 CW Team

Following the programme at BEML, Vaishnaw planned to engage with trainees and staff at the Multi-disciplinary Divisional Training Institute (MDDTI), Bengaluru (Railway Training Centre) at 2 pm on Sunday.

BEML Limited, originally established as Bharat Earth Movers Limited in May 1964, is a Public Sector Undertaking responsible for manufacturing rail coaches, spare parts, and mining equipment at its Bangalore Complex. The company, listed on both the BSE and NSE, is 54.03% owned by the Government of India, with the remaining 44.97% held by financial institutions, foreign institutional investors, banks, the public, and employees, according to the company's website.

As a 'Schedule A' company under the Ministry of Defence, BEML plays a crucial role in serving India's core sectors, including Defence, Rail, Power, Mining, and Infrastructure. The company began with a modest turnover of Rs. 5 crore in 1965 and has since grown, achieving a turnover of over Rs. 4,300 crore, according to data on its official website.

On August 21, BEML Ltd., recognized as the nation's leading defence and heavy engineering manufacturer, signed a strategic Memorandum of Understanding (MoU) with the Directorate of Marine Engineering, Indian Navy. The MoU was signed at the Naval Headquarters in Delhi by Ajit Kumar Srivastav, Director of Defence at BEML, and Rear Admiral K Srinivas, ACOM (D&R) of the Indian Navy, in the presence of BEML's Chairman & Managing Director, Shantanu Roy, along with senior Defence officials.

This agreement represents a significant step in enhancing collaboration between BEML and the Indian Navy for the indigenous design, development, manufacture, testing, and product support of critical marine equipment and systems. The partnership aligns with the Government of India's Aatmanirbhar Bharat initiative, which aims to bolster self-reliance in defence production and reduce dependence on foreign imports.

Railway Minister Ashwini Vaishnaw laid the foundation stone for a new hangar dedicated to standard and broad gauge rolling stock manufacturing at BEML in Bengaluru. He also conducted an inspection of the Vande Sleeper Coach at BEML's Main Building in Thippasandra, Bengaluru, and was scheduled to interact with the media later in the day. Following the programme at BEML, Vaishnaw planned to engage with trainees and staff at the Multi-disciplinary Divisional Training Institute (MDDTI), Bengaluru (Railway Training Centre) at 2 pm on Sunday. BEML Limited, originally established as Bharat Earth Movers Limited in May 1964, is a Public Sector Undertaking responsible for manufacturing rail coaches, spare parts, and mining equipment at its Bangalore Complex. The company, listed on both the BSE and NSE, is 54.03% owned by the Government of India, with the remaining 44.97% held by financial institutions, foreign institutional investors, banks, the public, and employees, according to the company's website. As a 'Schedule A' company under the Ministry of Defence, BEML plays a crucial role in serving India's core sectors, including Defence, Rail, Power, Mining, and Infrastructure. The company began with a modest turnover of Rs. 5 crore in 1965 and has since grown, achieving a turnover of over Rs. 4,300 crore, according to data on its official website. On August 21, BEML Ltd., recognized as the nation's leading defence and heavy engineering manufacturer, signed a strategic Memorandum of Understanding (MoU) with the Directorate of Marine Engineering, Indian Navy. The MoU was signed at the Naval Headquarters in Delhi by Ajit Kumar Srivastav, Director of Defence at BEML, and Rear Admiral K Srinivas, ACOM (D&R) of the Indian Navy, in the presence of BEML's Chairman & Managing Director, Shantanu Roy, along with senior Defence officials. This agreement represents a significant step in enhancing collaboration between BEML and the Indian Navy for the indigenous design, development, manufacture, testing, and product support of critical marine equipment and systems. The partnership aligns with the Government of India's Aatmanirbhar Bharat initiative, which aims to bolster self-reliance in defence production and reduce dependence on foreign imports.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..