BEML Limited, formerly Bharat Earth Movers Limited, is an Indian Public Sector Undertaking, headquartered in Bengaluru, Karnataka, India. It manufactures a variety of heavy equipment, such as that used for earth moving, transport and mining.
Public Sector heavy equipment manufacturer in India.
BEML incorporated in 11th May 1964, with the help of the Soviet Union.[3] It was wholly owned and operated by India's Ministry of Defence until 1992, when the government divested 25% of its holdings in the company. BEML is Asia's second-largest manufacturer of earth moving equipment, [4] and it controls 70% of India's market in that sector. Its stock trades on the National Stock Exchange of India under the symbol "BEML", and on the Bombay Stock Exchange under the code "500048".[5] The company went for Follow-on Public offer (FPO) and fixed the price band for its FPO between ₹1,020 and ₹1,090.[6] The Government of India had given 'in-principle' approval for strategic disinvestment of BEML Ltd. to the extent of 26% out of the Government shareholding of 54.03% with transfer of management control to strategic buyer.[7]
Manufacturing facilities
BEML has manufacturing plants in Kolar Gold Fields, Bengaluru, Mysore and Palakkad. It has numerous regional offices throughout the country. KGF unit is the main unit accounting for the manufacture and assembly of a wide array of earth-moving equipment such as bulldozers and excavators. Railcoaches are made in the Bengaluru complex, and the Mysore facility makes dump trucks and engines of various capacity. On 10 August 2020, Defence Minister Rajnath Singh inaugurated the industrial design centre (IDC) at BEML Bengaluru, aiming to integrate research and development with manufacturing.[8]
Products
BEML manufactures a wide range of products to meet the needs of mining, construction, power, irrigation, fertiliser, cement, steel and rail sectors. The earthmoving equipment includes bulldozers, dump trucks, hydraulic excavators, wheel loaders, rope shovels, walking draglines, motor graders and scrapers.
BEML has recently introduced road headers and slide discharge Loaders for underground mining applications. Railway products include integral railcoaches, electric multiple units, rail buses, track-laying equipment and overhead equipment inspection Cars. BEML manufactures heavy-duty trucks and trailers and hydraulic aggregates for the transportation sector.
The company also manufactures high power diesel engines and heavy duty hydraulic aggregates to meet specific customer requirements. The company plans to diversify into varied activities including underground mining equipment, underground storage for petro-products, leasing and financial services and joint ventures abroad.[citation needed]
Metro rolling stock
Namma Metro Purple Line coaches built by BEML.Namma Metro Green Line coaches built by BEML.Jaipur Metro
BEML manufactures rolling stock for Delhi Metro and Namma Metro in a consortium with Hyundai Rotem.[9] BEML has supplied more than 200 coaches to DMRC and has an order of 150 coaches from Bengaluru Metro. BEML has independently supplied about 140 cars to DMRC using transfer of technology from Hyundai ROTEM. Jaipur Metro has also ordered to manufacture, supply, test and commission 10 train sets of four cars each, totaling 40 cars to the Jaipur Metro Project.
BEML has started supplying metro train sets to the East West corridor of Kolkata Metro (KMRCL). Present order in hands from KMRCL is for 14 train sets of six cars each.
BEML is one of the leading manufacturers of rail and metro coaches. Metro systems using BEML rolling stock are:
Delhi Metro (Pink Line) - more than 500 coaches
Namma Metro - 150 coaches
Jaipur Metro - 40 coaches
Kolkata Metro (Line 2) - 84 coaches
Mumbai Metro - 378 coaches (Line 2 and 7)
Infrastructure
BEML operates in three major business verticals associated with equipment manufacturing:
Mining & Construction
Defence & Aerospace
Rail & Metro
In addition to the above, there are strategic business units (SBUs):
Trading Division for dealing in non-company products
International Business Division for export activities
Aerospace Division for design services for the aviation sector
BEML has the following manufacturing units spread over four locations:
Kolar Gold Fields (KGF) Complex (around 100km from Bengaluru)
hebi Earth Moving Division
Rail Coach Unit II
Heavy Fabrication Unit
Hydraulic & Powerline Division
Mysore Complex (around 130km from Bengaluru)
Truck Division
Engine Division
Aerospace Manufacturing Division
Bengaluru Complex - Rail & Metro Division
Palakkad Complex Kerala State - defence products manufacturing
Ground support vehicles for guided missile programme
Heavy, medium and light recovery vehicles
50T trailer for tank transportation
Mil rail coaches and mil wagons
Apart from the above, Railway parts and aggregates are planned for manufacture
Vignyan Industries, a subsidiary located at Tarikere (around 300km from Bengaluru) - steel castings
Management
Shri M V Rajasekhar has been the CMD of BEML Ltd since 1 Feb 2021 after the superannuation of Dr D K Hota the predecessor CMD.[10]
Competitors
The main competitor for BEML is in the private sector who has its own manufacturing units in India, thus participating in the 'Make in India' initiative.
Alstom which has a new facilities at Sricity, Savli and in Bihar.
Trucks
BEML Tatra T815
BEML manufactures Czech Tatra trucks and rebadges them under license.[11]
BEML 205 off-road dump truckBEML - TATRA T810 VVNC 6x6
A probe into an alleged scam in the purchase of Tatra trucks for the Indian Army led to the suspension of the then-BEML chief by the Defence Ministry.[12]
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₹3,077.37 crore (US$390 million) (2020)[2]
₹153.20 crore (US$19 million) (2020)[2]
