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BSE: 500048NSE: BEMLISIN: INE258A01016

27th-May-2020 14:40Source: BSE

BEML - Information Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Reg

We wish to inform that the Board of Directors in its 362th meeting held today i.e., on 27.05.2020 approved for signing a Memorandum of Understanding with M/s MELCO to study and decide on the possibility of setting up a Joint Venture Company between BEML and MELCO, for manufacture of certain propulsion systems and other railway electrical equipment utilized for Electric Multiple Units for Indian Metro Rail
Projects, Indian Railway Projects and other products as well.

2. Further, the Board reviewed the steps taken by the Company during COVID-19 pandemic lockdown, Standard Operating Procedures issued and resumption of work at BEML and the same are placed as Annexure.

3. This is for kind information of all stakeholders.