India's BEML up on report of firm in race for Mumbai train upgrade project

BEML

18/06/2025 07:37

** Shares of BEML BEML.NS rise 2.3% to 4470.90 rupees

** NDTV Profit reports the state-owned railways and defence engineering firm is in the race to secure the Mumbai suburban rail network upgrade project

** Report says Mumbai Railway Vikas Corporation is set to re-invite tender for a revamp of Mumbai local trains, citing a senior industry executive

** BEML did not immediately respond to a Reuters email seeking comment

** BEML shares are up 7.6% in 2025 so far, outperforming the 2% drop in small-cap index .NIFSMCP100

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))