BEML awaiting clarity on coaches of Ahmedabad-Mumbai bullet train
BEML Ltd, the country's largest railway coach maker, is awaiting clarity on the indigenization of coaches of the proposed Ahmedabad-Mumbai bullet train, a top company official has said.
"We are keen in the indigenization of bullet train coaches. BEML had tied up with Japanese company Hitachi in this regard. There is nothing final yet on the quantum of the indigenization project or total order for the coaches," BEML Chairman and Managing Director D K Hota said.
He was in the city yesterday to sign a MoU with Heavy Engineering Corporation Ltd for cooperation in the manufacturing of high-value mining equipment.
Indigenisation of coaches is part of the Central government's 'Make in India' mission.
"We are also well-placed for the project, as we already make rail and metro coaches, the only difference being they (bullet trains) will have aluminum bodies," Hota said.
A total of 240 coaches will be procured for the project and some of them would be assembled in India, Hota said.
Bullet train operations are slated to commence by 2023 between Mumbai and Ahmedabad, with the help of Japanese investments and technology, and the government has already formed the National High-Speed Railway Corporation to execute the project.
The railway coaches business is a key and growing segment for BEML, which has a capacity for 800 rail coaches and 300 metro coaches per annum.
Mining still remains the highest revenue generator for BEML, but the rail and defense verticals are expanding faster, company officials said.
Hota said BEML is aiming at 30-per cent rise in the bottom line in the 2018-19 fiscal.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)