Earth moving equipment major BEML is planning to enter the Indonesian and Australian markets while it expects rail and metro business to be its next engine of growth, propelled by massive spending by Indian Railways.
During the 11th five-year plan and beyond, the Railways is going in for diversification and modernization of its existing fleet. The Railways is planning additional seat capacity and that is an opportunity we are trying to seize. BEML already has orders worth Rs100 crore in this regard for the current year.
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