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BEML, RITES ink pact, to bid for Metro systems, export of rolling stock

BEML Limited has signed a Memorandum of Understanding with RITES Limited to explore and jointly bid for opportunities in the fields of Metro systems and export of rolling stock

Topics
BEML | Rites

Press Trust of India  |  Bengaluru 

mergers
Photo: Shutterstock

Limited has signed a Memorandum of Understanding (MoU) with Limited, a leading transport infrastructure consultancy and engineering company, to explore and jointly bid for opportunities in the fields of Metro systems and export of rolling stock.

As part of the MoU, will provide expertise in design, engineering, marketing and any other support that may be required for tapping domestic and overseas opportunities while will be responsible for manufacturing of customised metro coaches and rolling stock a statement said.

"The MoU will allow both to leverage each other's expertise and technologies to opitimise operations and expand on a global level," it said.

It would enable BEML and to jointly bid and provide the entire spectrum of services from design, manufacture to operations & maintenance for the existing and upcoming Metro systems as well as export of rolling stock and related services.

"The collaboration will not only create a platform to enable exploration of business opportunities around the globe, but also facilitate knowledge sharing to strengthen respective organisations' operations," the statement said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, December 16 2021. 15:10 IST
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