BEML Ltd., a mini-Ratna public sector company, said it has inked a memorandum of agreement or MoU with NFM Technologies, France, to manufacture tunnel boring machines in India. BEML will be the first company in India for the manufacturing of tunnel boring machines.
Both BEML and NFM will explore and exploit the opportunities for supplying the machines to various projects in India and Asean countries. The on-going Bangalore Metro and the upcoming metro projects of Chennai, Kolkota, Mumbai, etc., will provide a promising market for the tunnel boring machines manufactured by BEML. The machines will also be used in making canals for irrigation projects and hydroelectric projects, the company said.
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