Bengaluru, April 8 Bengaluru-based defence PSU BEML Ltd announced on Wednesday that it had signed a memorandum of understanding (MoU) with DMRC to collaborate on metro rail projects and expand its presence in global markets, while also exploring domestic opportunities.
The MoU aims to establish a framework for cooperation between the two organizations, focusing on jointly identifying, pursuing, and executing metro rail projects, BEML said in a statement.
Under the partnership, BEML and Delhi Metro Rail Corporation Ltd will work together in both domestic and international markets, leveraging their respective strengths.
Speaking on the occasion, BEML Chairman and Managing Director Shantanu Roy said that the association with DMRC would further strengthen the company's presence in the rail and metro sector.
He noted that BEML's capabilities in manufacturing rolling stock, combined with DMRC's expertise in executing and operating metro systems, would enable the two organizations to offer comprehensive, competitive, and globally benchmarked solutions.
BEML recently secured its first overseas order for metro rolling stock, valued at around USD 60 million, for a project in Africa.
DMRC Managing Director Vikas Kumar described the MoU as a "historic collaboration" between two Indian entities.
He said the partnership would significantly enhance urban mobility, particularly metro networks, in India and abroad.
Kumar also highlighted the need to develop indigenous propulsion systems for rolling stock through innovation and stressed the importance of designing and manufacturing Tunnel Boring Machines (TBMs) domestically for upcoming infrastructure projects such as high-speed rail, metro systems, and Regional Rapid Transit Systems (RRTS).