BEML rolls out country's first standard gauge metro carSeptember 12th, 2009 BANGALORE - State-run Bharat Earth Movers Limited (BEML) achieved a milestone when it delivered the country's first standard gauge metro car on Friday. Manufactured by compiling global standards, the metro train is a four-car formation, comprising two driving trailer cars and two motorcars with a capacity to carry 1,506 passengers.
Delhi Metro gets coaches from Bharat Earth MoversSeptember 11th, 2009 BANGALORE - State-run Bharat Earth Movers Friday rolled out India's first set of four standard gauge metro cars for Delhi Metro Rail Corp's second phase of mass rapid transport system. The stainless steel air-conditioned coaches are indigenously manufactured at Bharat Earth's Bangalore complex under technology transfer from Rotem of South Korea.
K. H. Muniyappa to attend flagging off ceremony of Standard Gauge Metro CarSeptember 9th, 2009 BANGALORE - The Minister of State for Railways, K. H. Muniyappa, will attend a programme here on Friday where country's first Standard Gauge Metro Car will be flagged off.
Movers roundup: Youbet.com shares fall on 2Q results, PerkinElmer advances on analyst upgradeAugust 13th, 2009 Movers roundup: Youbet.com, PerkinElmerAmong the stock activity stories for Thursday, Aug. 13, from AP Financial News:
SAN FRANCISCO (AP) — Shares of Youbet.com Inc.
BEML all set to roll out indigenous low cost coaches for metro railwaysJuly 10th, 2009 BANGALORE - The Bharat Earth Movers Limited (BEML) is all set to manufacture indigenously designed low-cost metro railway coaches for Mass Rapid Transport Systems (MRTS) in the cities. Talking to reporters here on Thursday, V R S Natarajan, Chairman and Managing Director of BEML said, " The BEML has furnished a turnkey proposal to the central government to facilitate the execution of supplying the low-cost rakes to the two and three tier cities where the metro railway network is envisaged."
"Each of the rakes is estimated to cost rupees six crores," he added.
Bharat Earth Movers to make multi-speed rail coachesJuly 9th, 2009 BANGALORE - State-run Bharat Earth Movers Ltd (BEML) plans to manufacture hi-tech rail coaches for low, medium and high speed trains in technology collaboration with Alstom of France, a top company official said Thursday. "We have signed an agreement with Alstom for technology transfer to build coaches for light-speed, medium and high-speed trains for metro and intra-city commuting.
Allocation for Bharat Nirman up 45 percentJuly 6th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee Monday stepped up by 45 percent the budgetary allocation for the flagship Bharat Nirman (Build India) programme that focuses on rural development and poverty alleviation.
Plan to revive 15 sick state-run firms approvedJuly 2nd, 2009 MUMBAI - The government has approved a proposal to revive or restructure 15 loss-making public sector enterprises (PSEs), Heavy Industries and Public Enterprises Minister Vilasrao Deshmukh said here Thursday. "Based on recommendations of the Board for Reconstruction of Public Sector Enterprises (BRPSE), the government has approved implementation of revival or restructuring packages in case of 15 PSEs," Deshmukh told the Lok Sabha in a written reply.
Kerala seeks more central public sector unitsJune 26th, 2009 THIRUVANANTHAPURAM - Kerala will ask the central government to set up more public sector units and centre-state joint ventures in the state to spur its industrial development, Industries Minister Elamaram Kareem said Friday. Kareem told IANS here that he would go to Delhi next week to discuss the state's demands with Defence Minister A.K.
Bharat Hotels, Kerala government to develop resortMay 14th, 2009 THIRUVANANTHAPURAM - The Kerala government will partner the Delhi-based Bharat Hotels to jointly develop a five-star beach resort with 45 cottages at picturesque Bekal in Kasargode district, it said Thursday. The project, Lalit Resort and Spa, will come up on 25.57 acres given on a long-term lease by the Bekal Resorts Development Corp.
Delhi metro orders more coachesApril 26th, 2009 NEW DELHI - With the metro increasingly becoming the choice of city's commuters, the Delhi Metro Rail Corporation (DMRC) has ordered extra coaches to be attached to some existing trains to increase the passenger capacity, an official said Sunday. Eight more coaches have been ordered by the DMRC to be added to four trains.
Bharat Heavy Electricals net up 6.29 percentApril 2nd, 2009 MUMBAI - State-run engineering and manufacturing major Bharat Heavy Electricals Ltd (BHEL) Thursday reported 6.29 percent growth in net profit for 2008-09. The company said in a statement that its net profit rose to Rs.3,039 crore ($607.8 million) last year from Rs.2,859 crore the year before.
Bharat Petroleum to invest Rs.21.31 bn in bio-diesel projectFebruary 2nd, 2009 LUCKNOW - Bharat Renewable Energy, a subsidiary of state-owned oil company Bharat Petroleum Corp (BPCL), will invest Rs.21.31 billion (Rs.2,131 crore) in a bio-diesel project in Uttar Pradesh, a senior official said. The project envisages production of diesel from oil extracted from the jatropha plant, a proven source of alternative fuel.
Bharat Petroleum's third quarter profit up 172 percentJanuary 28th, 2009 NEW DELHI - State-run refiner Bharat Petroleum Corp Ltd (BPCL) Thursday announced 172 percent rise in net profit for the quarter ended Dec 31 over the year-ago period. The company's net profit went up to Rs.7.9 billion (Rs.790 crore/$161 million) in the third quarter from Rs.2.9 billion a year ago.
Kerala gets fourth PSU under defence ministryJanuary 17th, 2009 PALAKKAD - Kerala Sunday got its fourth public sector unit (PSU) under the defence ministry for manufacturing military wagons and other items for the forces and railways. Chief Minister V.S.
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