Defence PSU BEML won a Rs 157 crore order from Loram Rail Maintenance India to manufacture switch rail grinding machines. These specialised machines will help in the upkeep of railway tracks, ensuring safer and smoother train operations.
In a filing to BSE, the company said that “BEML Ltd has won a Rs 157 crore order from Loram Rail Maintenance India Private Ltd for manufacturing switch rail grinding machines.”
Switch rail grinding machines are specialised railway maintenance vehicles used to grind and smooth the movable switch rails of a railway track, which are complex components that can be difficult to maintain.
They are designed for precision grinding to restore the profile of the switch, remove defects, and extend the life of the specialty trackwork, which includes turnouts, crossings, and other specialised sections of track.
BEML bags Rs 414 crore order
Earlier on December 3, BEML received a work order valued at Rs 414 crore for the Bangalore Metro Rail Project for the supply of additional trainsets for the Bangalore Metro project. BEML operates under three major business verticals: defence and aerospace, mining and construction and rail and metro.
Share price of BEML
The share price of BEML has decreased 14.32% so far this year.
