BEML To Make Bullet Train: Public sector company BEML Limited is going to build India’s first indigenous Bullet Train in the country. BEML has got the contract to make two high-speed train sets. Chennai-based Integral Coach Factory has given tender to this government company for the design, manufacturing and commissioning of two bullet trains. BEML has given this information in its regulatory filing.
In a regulatory filing with the stock exchanges, BEML Limited said that it has received an order from Integral Coach Factory, Chennai for the manufacturing of two high-speed trainsets. One trainset will have 8 cars and one car will be manufactured at a cost of Rs 27.86 crore. That is, the total value of this contract received by BEML is Rs 866.87 crore which includes design cost, one-time development cost, non-recurring charge, one-time cost on account of springs, fixtures, tooling and testing facility which will be used by all the companies in India. Will be done for high-speed projects.
BEML said that this project is an important milestone in the direction of high-speed rail travel in India. This will be the first time that the first indigenous bullet train running at a speed of 280 kilometers per hour will be designed and manufactured in India. Both the bullet trains will be manufactured at BEML’s Rail Coach Complex in Bengaluru and the delivery deadline has been fixed for the end of 2026. Along with being fully air-conditioned and chair-car configuration, this bullet train of BEML will have all the modern facilities for the passengers including reclining and rotatable seats. Apart from the infotainment systems in the bullet train, special provisions will be made for the passengers who have difficulty in walking.
Despite this news, BEML stock closed with a slight decline. In Tuesday’s trading session, BEML shares closed at Rs 3719.60 with a decline of 0.29 percent. Although BEML is a multibagger stock which has given returns of 145% in 2 years, 323% in 5 years.
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