Bharat Earth Movers Limited (BEML) was established in May 1964 as a Public Sector Undertaking (PSU) for manufacture of rail coaches, spare parts and mining equipment. The company started with a modest turnover of Rs 5 crore (US$ 823,127.74) in 1965; today, the company has been able to achieve a turnover of more than Rs 3,500 crore (US$ 576.17 million). Its three major business verticals, namely, Mining & Construction, Defence, and Rail & Metro are serviced by its nine manufacturing units located at Bengaluru, Kolar Gold Fields (KGF), Mysore, Palakkad and subsidiary Vignyan Industries Ltd in Chikmagalur District.
BEML’s products are sold and serviced through its large marketing network spread all over the country. As part of its globalisation strategy, BEML has expanded its global reach by opening local companies at Indonesia and Brazil recently, in addition to already-existing offices in Malaysia and China. BEML’s products are exported to more than 56 countries.
BEML is poised to achieve the Rs 10,000 crore (US$ 1.65 billion) mark by 2016–17 and the company is gearing up with necessary infrastructure for achieving the same.
BEML: An Indian Public Sector Undertaking
|2013||Bags Rs 747 crore (US$ 122.98 million) order from Delhi Metro|
|2011||Bags Rs 318 crore (US$ 52.35 million) Jaipur Metro order|
|2009||BEML is awarded 'Silver Shield' for Star Performer as a large enterprise for its outstanding contribution to engineering export|
|2007||The company is rated ‘AAA’ by Investment Information and Credit Rating Agency (ICRA)|
|2006||BEML is conferred ‘Miniratna Category-1 Status’ by Ministry of Defence|