The Board of BEML at its meeting held on 27 May 2020 has approved for signing a Memorardum of Understanding with MELCO to study and decide on the possibility of setting up a Joint Venture Company between BEML and MELCO, for manufacturing propulsion systems and other railway electrical equipment utilized for Electric Multiple Units for Indian Metro Rail Projects, Indian Railway Projects and other products as well.
BEML to Sign JV MoU with MELCO
