Mumbai, March 13 -- Shares of Siemens added 1.64% to currently trade at Rs 226.85 on the BSE.

The company entered into a non-binding MoU with Siemens India to jointly explore opportunities in the semi-high-speed and suburban passenger train segments, as well as metro and commuter rail markets.

Additionally, BEML signed an MoU with Dragflow S.R.L., Italy, to strengthen indigenous dredging solutions.

BEML is a multi-technology schedule 'A' company under the Ministry of Defense. It operates under three major business verticals: defense & aerospace, mining & construction, and rail & metro. As of 31 December 2024, the Government of India held a 54.03% stake in BEML.

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