BEML signs LoA for Bangalore Metro rail cars

Bangalore: BEML said it has signed the letter of acceptance for the supply of Bangalore Metro rail cars.

A consortium comprising the defence PSU, South Korea’s Rotem and Mitsubishi last week bagged the initial Rs 1,672-crore order for 150 cars from Bangalore Metro Rail Corporation.

BEML said it would begin supplying the cars from October 2010.

BEML’s Chairman and Managing Director, Mr V.R.S. Natarajan and BMRCL’s Managing Director, Mr N. Sivasailam, signed the LoA on Tuesday.

BMRCL may have a requirement of an additional 30 cars (worth Rs 300 crore) and another 63 (worth Rs 600 crore) subsequently.