BEML to invest in Brazil JV
State-run BEML says it will invest in a joint venture in Brazil for manufacturing rail wagons.india Updated: Sep 18, 2006 20:03 IST
State-run Bharat Earth Movers Ltd plans to invest Rs 1 billion in a joint venture in Brazil for manufacturing rail wagons, the company said on Monday.
It said the Brazilian company, Compagnie Comercio E Construcoes, would hold 40 percent in the joint venture with the remainder being held by BEML.
First Published: Sep 18, 2006 18:54 IST