BEML Board approves MoU with MELCOThe Board of Directors of BEML has approved signing a Memorandum of Understanding (MoU) with MELCO to study and decide on the possibility of setting up a joint venture (JV) company between BEML and MELCO.

The JV is for manufacture of certain propulsion systems and other railway electrical equipment utilised for electric multiple units for Indian Metro Rail Projects, Indian Railway Projects and other products as well.

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