BEML signs MoU with French firm for tunnel-boring machines

BEML Ltd, a manufacturer of construction equipment and metro rail coaches under the ministry of defence, has signed a memorandum of agreement with NFM Technologies, France, to manufacture Tunnel Boring Machines (TBMs) in India.

BEML will be the very first company in India to manufacture Tunnel Boring Machines. NFM Technologies is the second largest manufacturer of Tunnel Boring Machines in the World.
Both BEML and NFM will explore and exploit opportunities for supplying TBMs to various projects in India and ASEAN countries. The on-going Bangalore Metro and the upcoming Metro projects of Chennai, Kolkata, Mumbai, etc., would provide a promising market for the TBMs manufactured by BEML.

The TBMs will also be used in making canals for Irrigation projects and hydroelectric projects. BEML will take up the project at its KGF Plant, the company said in a statement. -->

BEML close to Brazilian firm acquisition

The state-owned construction equipment company Bharat Earth Movers (BEML) is looking for 100 per cent buyout of Companhia Comercio E Construcoes (CCC) based in Brazil for a total consideration in excess of Rs 100 crore.

The company is expecting the take-over process to be complete by next year. The Indian giant, which is the second largest mining and construction (M&C) equipment supplier in Asia, currently has a joint venture agreement with CCC for manufacture and supply of rail wagons and bogies, mining and construction equipment and spares for the Brazilian market.

Source: Business Standard