Established in 1964, BEML stated as a manufacturer of rail coaches & spare parts and mining equipment in Bengaluru. The company has partially disinvested and at present, the Government of India owns 54% of the total equity and 46% is held by Public, financial institutions, foreign institutional investors, banks and employees. BEML’s products are exported to >67 countries.
Company Website: www.bemlindia.in
BEML – Timeline and Key News
In June 2021, the Department of Investment and Public Asset Management (DIPAM) and NITI Aayog approved a proposal for incorporation of a wholly owned subsidiary of BEML Ltd. for the demerger of surplus lands and assets.
In line with the Indian government’s ‘Self-reliant India’ initiative, in May 2021, BEML introduced a mechanical minefield marking equipment (MMME - MKII), an 'Atmanirbharta' (self-reliant) product.
In March 2021, BEML secured a contract for the supply of construction equipment from Cameroon and Bangladesh. This was a major boost to exports under the Indian government’s ‘Make in India’ initiative.In January 2021, BEML secured a contract for supplying High Mobility Vehicles from the Ministry of Defence.
|2020|| BEML successfully tested the indigenous Pinaka multi-launch artillery rocket system at the integrated test range in Chandipus (off the coast of Odisha) in November. Pinaka, with an enhanced strike range of 45-60kms has already been designated for induction to six new regiments currently using Pinaka with 35-40kms range. |
Company designed and developed products such as BE1000-1 Hydraulic Excavator, BE210 Hydraulic Excavator, BD155 Bulldozer with CLSS hydraulic system and AI-based products viz. predictive maintenance of mining equipment through AI-based Big Data analytics and machine learning algorithms and sleep/fatigued operator alert system on mining equipment.
|2019|| Signed an MoU signed with M/s. HEC to meet the mining industry's demand for goods such as rope shovel & walking dragline in mining and construction businesses. |
Indigenously designed metro train sets were successfully tested.
|2018||R&D test facilities were upgraded with addition of a salt spray chamber, abrasive cutting machine, 50t actuator high pressure power pack, 25 KN UTM air screw compressor, etc.|
|2017||R&D Centre designed, developed and launched upgraded version of 100T Dumper (BH 100-1).|
|2014||The global presence of BEML increased to 63 countries, with exports to Taiwan and Gabon.|
|2011||Inaugurated BEML aerospace manufacturing division at Mysore with horizontal machining centre facilities at Mysore Complex|
|2010||Signed an MoU with Karnataka Government to establish another manufacturing complex in Bengaluru.|
|2006||Introduced R&D's innovative product, Load Haul Dumper (LHD) - BL15, and exhibited in the IMME – Kolkata.|
|2004||Metro railway business started with the manufacturing and supply of hi-tech stainless-steel metro coaches to the Delhi Metro Rail Corporation.|
|1994||The company shares were listed at the stock exchanges at Bengaluru, Mumbai, Kolkata, Delhi and Chennai.|
|1992||Converted into a public limited company.|
|1991||Set up an engine division at Mysore to manufacture heavy-duty diesel engines.|
|1987||Set up a ‘Hydraulics and Powerline’ division and a R&D centre in the Kolar Gold Field (KGF) facility.|
|1985||Established the ‘Dump Truck’ division at Mysore.|
|1979||Partnered with Komatsu Limited Japan for technological know-how in a wide range of mining and construction equipment|
|1964||Incorporated on May 11, 1964, as a public sector undertaking with the name Bharat Earth Movers Ltd.|