BEML Limited

Mitsubishi Electric Receives Propulsion Equipment Order for Delhi Metro

Thursday, September 17, 2020 - 3:10am

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has been awarded a contract from Indian train builder BEML Limited to supply propulsion equipment for 80 new cars of Delhi Metro.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has been awarded a contract from Indian train builder BEML Limited to supply propulsion equipment for 80 new cars of Delhi Metro.
  • With the order, Mitsubishi Electric has now sold propulsion equipment for more than 3,000 railcars in Indias metro markets.
  • Mitsubishi Electric began its history of supplying Indias metro markets when it delivered propulsion equipment for the Delhi Metro Phase I Project in 2001.
  • The energy-saving performance and high quality and reliability of Mitsubishi Electric equipment has led to continuous orders from major metro systems in India for the past 19 years.

Heavy Construction Equipment Market to Reach $240.49 Bn, Globally, by 2027 at 4.2% CAGR: Allied Market Research

Monday, April 20, 2020 - 3:40pm

Increase in investment in the construction sector, surge in focus on public-private partnerships, and rapid expansion of the mining sector have boosted the growth of the global heavy construction equipment market.

Key Points: 
  • Increase in investment in the construction sector, surge in focus on public-private partnerships, and rapid expansion of the mining sector have boosted the growth of the global heavy construction equipment market.
  • Based on type, the earthmoving segment held the largest share in 2019, accounting for more than half of the global heavy construction equipment market.
  • However, the construction segment held the largest share in 2019, contributing to more than two-fifths of the global heavy construction equipment market as heavy equipment including excavators, loaders, and motor graders are essential components in construction activities.
  • The global heavy construction equipment market across the Asia-Pacific region held the largest share in 2019, accounting for more than two-fifths of the market.

Heavy Construction Equipment Market to Reach $240.49 Bn, Globally, by 2027 at 4.2% CAGR: Allied Market Research

Monday, April 20, 2020 - 3:40pm

Increase in investment in the construction sector, surge in focus on public-private partnerships, and rapid expansion of the mining sector have boosted the growth of the global heavy construction equipment market.

Key Points: 
  • Increase in investment in the construction sector, surge in focus on public-private partnerships, and rapid expansion of the mining sector have boosted the growth of the global heavy construction equipment market.
  • Based on type, the earthmoving segment held the largest share in 2019, accounting for more than half of the global heavy construction equipment market.
  • However, the construction segment held the largest share in 2019, contributing to more than two-fifths of the global heavy construction equipment market as heavy equipment including excavators, loaders, and motor graders are essential components in construction activities.
  • The global heavy construction equipment market across the Asia-Pacific region held the largest share in 2019, accounting for more than two-fifths of the market.