BEML approves ₹1,500 crore capex for new rail plant
after close1 source ↓written by the desknot a recommendation
- investment
- ₹1,500 crore
BEML Limited has approved a ₹1,500 crore investment for a new greenfield rail manufacturing facility in Umariya, Madhya Pradesh. This strategic move aims to enhance manufacturing capabilities to meet rising demand for rail and metro products domestically and internationally. The project will unfold over five years, funded through long-term debt, ensuring a measured approach to expansion.
Not investment advice. For informational purposes only.