Company updateBusiness Standard
BEML plans to build tunnel-boring machines to cut reliance on China
Positive+62 sources
GreyOak summary
BEML Ltd. plans to develop indigenous tunnel-boring machines to reduce reliance on Chinese suppliers for India's infrastructure boom. The company will initially focus on smaller machines for metro and hydropower projects before expanding. This move aligns with government efforts to boost local manufacturing of construction equipment.
What it affects
- BEMLPositive +6
Plans to develop indigenous tunnel-boring machines.Rolling sentiment Neutral +1
Source
Read the original at Business StandardMore BEML news
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