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BEML (Bharat Earth Movers Limited) has been awarded a contract to build India’s first indigenous bullet train.
Contract Value: The contract is worth ₹866.87 crore.
Design and Manufacturing: BEML will design, manufacture, and commission two high-speed trainsets, each comprising eight coaches.
Speed: The trains are expected to achieve a test speed of 280 kmph.
Delivery: The trains are scheduled to be delivered by the end of 2026.
About the Bharat Earth Movers Limited Bharat Earth Movers Limited (BEML) is an Indian public sector undertaking established in May 1964.
Headquarters: BEML is headquartered in Bangalore, India.
Business Verticals: The company operates under three major business verticals: Defence & Aerospace, Mining & Construction, and Rail & Metro.
Products: BEML manufactures a variety of heavy equipment, including earth-moving machinery, railway coaches, and mining equipment.
Ownership: The Government of India owns 54.03% of BEML, with the remaining shares held by financial institutions, foreign institutional investors, banks, the public, and employees.
Turnover: BEML has grown significantly since its inception, achieving a turnover of over ₹4,300 crore.