BEML secures Rs 31.77 bn contract for Bangalore Metro expansion

10 Aug 2023 CW Team

BEML, a well-regarded corporation, has clinched a substantial contract valued at around Rs 31.77 billion from the Bangalore Metro Rail Corporation (BMRCL). This pivotal agreement revolves around the fabrication of 318 fresh metro coaches, aimed at augmenting the expansion of Bangalore Metro's Phase 2 (73.92 km), Phase 2A (18.23 km), and Phase 2B (37 km).

The contract's significance goes beyond the mere manufacturing of metro coaches; it encompasses an all-encompassing maintenance arrangement spanning 15 years. This underlines BEML's unwavering dedication to furnishing dependable and efficient metro services to the denizens of the city.

These coaches are slated to be integrated into Package 5RS-DM, forming 6-car trains along two major routes: the 21 km Pink Line (Reach 6) and the 56 km Blue Line (comprising ORR Line & Airport Line).

The journey leading to this contract was a meticulous bidding process. Initiated in September 2022, it culminated in the unveiling of technical bids in February 2023, followed by the unveiling of financial bids in May 2023. Amid the competing entities, BEML emerged triumphant as the lowest bidder, securing the contract with a competitive bid of Rs 31.76 billion.

The scope of this contract encompasses diverse critical facets, encompassing design, manufacturing, supply, installation, testing, and commissioning of the 318 standard gauge metro cars. Additionally, BEML has been entrusted with the responsibility of imparting training to metro operations personnel for a 15-year span.

It's noteworthy that the financial backing for this venture is facilitated by the Japan International Cooperation Agency (JICA). In March 2021, the government of India and JICA inked a loan agreement totalling Rs 37.17 billion. This funding aims to facilitate the acquisition of vital systems, including rolling stock, platform screen doors, and CBTC signalling.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..