INDIA'S BEML EXPANDING INFRA TO MEET DEMANDS OF METRO COACHES.

NEW DELHI, March 3 Asia Pulse - With metro rail being rolled out in many cities and construction work on the high-speed freight corridor on track, premier ground support equipment major BEML (BSE:500048) is gearing up to position itself as a leading manufacturer of modern coaches to exploit the huge opportunity in the sector.

BEML Chairman and Managing Director, V R S Natarajan said that nearly 2,000 metro cars would be required in next four to five years for upcoming metro rail projects in Mumbai, Hyderabad, Bangalore and Ahmedabad and the company has now set its sight to emerge as a major player in building rail coaches.

"There is a huge opportunity coming up to supply metro rail coaches as nearly 2,000 metro cars will be required for many projects and accordingly we have strengthened our infrastructure to increase production," he said.

Noting that Railways' Dedicated Freight Corridor would throw open huge business opportunities for the company, the head of the defence PSU said the company is now looking for an overseas joint venture (JV) partner to bring in high end technology to manufacture various types of high-end boogies.

"We want to gain from the high business potential in the Dedicated Freight Corridor project," Natarajan told PTI ...