BEML Signs MoUs with Siemens and Dragflow to Explore New Markets

BEML Ltd has entered into two major Memorandums of Understanding (MoUs) to increase its market reach. The first MoU is with Siemens to tap the train and metro markets, potentially increasing BEML's competence in the transportation space. The second MoU is with Dragflow S.R.L., Italy, to strengthen dredging solutions. These collaborations are likely to increase BEML's technological strength and market reach in both the railway and dredging spaces.

 

Sources: BEML Ltd regulatory filings, Business Standard, March 12, 2025