BEML Signs MoUs with Siemens and Dragflow for Strategic Collaboration.

State-run heavy equipment manufacturer BEML has signed two Memorandums of Understanding (MoUs) with Siemens and Dragflow Italy to explore opportunities in railway infrastructure and indigenous dredging solutions.

Following the announcement, BEML’s stock surged 2.02% to ₹2,488.70.

The partnership with Siemens will focus on semi-high-speed and suburban passenger train segments, including metro and commuter rail markets. Meanwhile, the collaboration with Dragflow Italy aims to enhance locally manufactured de-silting solutions for riverine and inland waterways, along with other marine dredging applications.

ET