BEML Emerges as Lowest Bidder for Bangalore Metro Rolling Stock Tender

06 Jun 2023 CW Team

According to sources from the Metro, the rolling stock tender for 72 coaches (12 six-car train sets) was opened on Friday, and BEML has emerged as the lowest bidder. These tenders were initiated by BMRCL in April last year as a contingency plan in case the contracted Chinese firm CRCC failed to deliver the promised 216 coaches for the RV Road to Bommasandra Line.

A reliable source from the Metro stated, "BEML (L-1) has submitted a bid of Rs 106 million per car, while ALSTOM (L-2), the second-place bidder, has quoted Rs 140.2 million per car." It is worth noting that this rate is higher than BEML's recent quote of Rs 77.4 million per car for the 318 cars required for the Underground corridor (Reach-6), ORR (Phase-2A), and Airport Line (Phase-2B).

In December 2019, BMRCL signed a contract worth Rs 15.78 billion with CRCC for 216 coaches, to be delivered by their subsidiary Nanjing Puzhen. However, the Chinese company encountered difficulties in establishing a factory at Sri City in Andhra Pradesh for coach manufacturing.

When asked about the outcome of the back-up tender, considering that the original contract is still in effect, BMRCL MD Anjum Parwez stated, "We need to decide whether to proceed based on the rates quoted by the L1 bidder in this tender and the previous tender for 318 coaches, which was opened recently."

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..