Bharat Earth Movers Limited (BEML)
India's defence exports has grown six times in the previous 5-6 years and Made in India defence equipment and services are provided to more than 75 countries.
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
| 2021 |
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. BEML LIMITED has signed a MoU with RITES Limited, a renowned Transport Infrastructure Consultancy and Engineering firm, to jointly investigate and bid for prospects in the fields of metro systems and rolling stock export. |
| 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. |
- The company engages in mining & construction, defence and rail & metro sectors.
- The company’s key products include mining equipment (dozers, dumpers, excavators, loaders and shovels), defence products (heavy duty trucks, bridge systems and recovery vehicles) and rail & metro products (metro cars, electric multiple units and maintenance vehicles).
- Its manufacturing units are in Bengaluru (Karnataka), Mysuru (Karnataka), Kolar Gold Fields (Karnataka) and Palakkad (Kerala).
- The company’s total income stood at Rs. 36.16 billion (US$ 486.25 million) in FY21.
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