BEML wins order of Rs 866 cr from Integral Coach Factory (ICF), Chennai | Capital market news

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BEML has been awarded a contract for the design, manufacturing and commissioning of two high-speed train sets, each comprising 8 coaches by Integral Coach Factory (ICF), Chennai. The price of each car is Rs 27.86 crore and the total contract value is Rs 866.87 crore which includes design cost, one-time development cost, one-time cost, one-time cost of jigs, fixtures, tools and testing facilities, which will be used for all future high speed projects in India. This project marks a significant milestone in India’s high-speed rail journey and will see the first indigenously designed and manufactured trainsets with a test speed of 280 km/h.

The trainsets will be built at BEML’s Bengaluru Railway Complex and are expected to be delivered by the end of 2026. Featuring a fully air-conditioned chair car configuration, the trains will offer modern amenities to passengers such as reclining and rotating seats , special provisions for passengers with reduced mobility and on-board infotainment systems.

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This contract further strengthens BEML’s position as a leading rolling stock manufacturer and reaffirms its commitment to India’s vision of a faster and more efficient rail network.

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First publication: October 15, 2024 | 2:44 p.m. STI

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