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Bharat Earth Movers Limited (BEML)

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Bharat Earth Movers Limited (BEML)

  • 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.

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.
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.

 

Defence Manufacturing
The Indian government has set the defence production target at US$ 25.00 billion by 2025 (including US$ 5 billion from exports by 2025). The government is taking several initiatives to encourage domestic manufacturing and reduce its external dependen