India's BEML gains on non-binding agreements for metro rail, dredging projects

BEML

13/03/2025 07:22

** Shares of BEML Ltd BEML.NS climb 2.8% to 2,560.30 rupees

** BEML on Wednesday evening said it has signed a non-binding agreement with Siemens' Indian unit SIEM.NS to jointly explore metro rail and semi-high-speed train manufacturing

** State-owned firm also partnered with Dragflow and Italy Forge to explore dredging solutions

** Over 626,000 shares traded, 1.7x the 30-day avg volume

** BEML trims YTD losses to 37%

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))