BEML Partners with SMH Rail to Expand Global Footprint in Rail and Metro Solutions

On August 21, 2024, BEML Ltd, India’s top rolling stock manufacturer, signed a MoU (Memorandum of Understanding) with SMH Rail, Malaysia’s largest rolling stock producer.

This significant agreement was made official at an event in Delhi, attended by Malaysia’s Minister of International Trade and Industry, Tengku Zafrul B Tengku Abdul Aziz.

This partnership represents a key collaboration between India and Malaysia, aiming to boost their bilateral relations and meet the global demand for advanced rail and metro rolling stock. BEML and SMH Rail will work together to market, supply, and service rail and metro products, focusing on markets in Malaysia, Southeast Asia, and Africa.

Through this MoU, both companies will combine their strengths in marketing, manufacturing, and maintenance services. They will also collaborate on the design, engineering, and production of rolling stock customised to meet specific client needs. Additionally, they will jointly source components, develop strategies, and share technology to enhance their capabilities.

Shri Shantanu Roy, Chairman & Managing Director of BEML, stated, “This historic collaboration will play an important role in meeting the rising global demand for urban mobility solutions, particularly in Malaysia, Southeast Asia, and Africa. We are thrilled to join hands with SMH Rail, a company that shares our commitment to excellence and quality.”

This move is part of BEML’s ongoing efforts to grow its global presence and address the increasing need for reliable, innovative rail and metro solutions. With over 60 years in the industry, BEML has established itself as a trusted global partner, exporting to more than 72 countries.

About BEML

BEML Limited is a leading multi-technology ‘Schedule A’ company under the Ministry of Defence, playing a crucial role in supporting India’s key sectors like Defence, Rail, Power, Mining, and Construction with top-quality products. The company operates across 3 main areas: Defence & Aerospace, Mining & Construction, and Rail & Metro. BEML has advanced manufacturing facilities in Bangalore, Kolar Gold Fields (KGF), Mysore, and Palakkad, along with a strong research and development (R&D) setup and a wide network of sales and service centres across the country.

On August 22, 2024, the share price of BEML Ltd opened at ₹3,949.00, touching the day’s high of ₹3,986.20 as of 09:42 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.