BEML Wins Rs 36.58 Billion for Chennai Metro Contract

02 Dec 2024 CW Team

Bharat Earth Movers Limited (BEML) is set to supply 210 metro cars configured into 70 three-car train sets, which will predominantly operate in Unattended Train Operation mode. The metro trains will serve three major corridors in Chennai: Madhavaram to Sipcot (45.8 km), Lighthouse to Poonamallee (26.1 km), and Madhavaram to Sholinganallur (47 km). The total network spans 118.9 km, comprising 76.3 km of elevated tracks and 42.6 km of underground sections. According to the statement, the first train set will be delivered by January 2027, with the final set expected by April 2029. The contract encompasses the design, manufacture, supply, testing, commissioning, and training for Standard Gauge Metro Rolling Stock (Electrical Multiple Units), as well as Depot Machinery and Plant. It also includes a comprehensive 15-year maintenance agreement. BEML Chairman and Managing Director Shantanu Roy stated, “At BEML, we take immense pride in contributing to the nation’s infrastructure development.” BEML Ltd, a leading multi-technology 'Schedule A' company under the Ministry of Defence, plays a critical role in supporting India’s core sectors, including Defence, Rail, Power, Mining, and Construction, by delivering world-class products.

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 ..