BEML Ltd

BEML - - Board to consider Dividend On 29 May 2013 The board meeting of BEML will be held on 29 May 2013, to consider the audited financial results and recommend dividend for the fourth quarter and financial year ended 31 March 2013.

BEML`s board approves voluntary delisting from BgSE On 09 November 2012 The board of BEML at its meeting held on 09 November 2012 have accorded approval for delisting the equity shares of the company from BgSE.

BEML bags over Rs 500 crore worth orders From Saudi Arabia & Indian Railways BEML has recently bagged a prestigious order from the Kingdom of Saudi Arabia for the supply of dumpers and excavators for its mining segment. The order value is around Rs 73 crore and the order is for the supply of 22 nos 60 ton dumpers and 8 nos 100 ton dumpers. BEML has bagged this order amidst stiff competition from various other global players. The total consignment has recently been shipped from Chennai Port to Jeddah Port. In addition to the above, BEML, in respect of its rail & metro business segment, has bagged new orders from Indian Railways for the supply of 600 Rail coaches, 72 nos. of AC EMU (Alternating Current Electrical Multiple Unit) and 64 nos. of MEMU (Mainline Electrical Multiple Unit) valuing over Rs 450 crore. The company made this announcement after the trading hours on 04 December 2012.

Government of India appoints P K Mishra as part-time Government director of BEML With effect from 02 November 2012 BEML has announced that the President of India has appointed P K Mishra, joint secretary, Ministry of Defence as part-time Government director on the board of BEML with effect from 02 November 2012 in place of Rashmi Verma.

BEML appoints independent directors with effect from 15 October 2012 The President of India has appointed C Balakrishnan, Suhas Anand Bhat and N P Gupta as independent (non-official part time) directors on the board of BEML with effect from 15 October 2012.

BEML appoints chairman and managing director With effect from 10 October 2012 BEML has announced that the President of India has appointed P Dwarakanath as chairman and managing director of the company with effect from 10 October 2012.

President of India appoints Rajnish Kumar as part-time government director of BEML With effect from 11 July 2012 BEML has announced that the President of India has appointed Rajnish Kumar as part-time government director on the board of BEML vice P K Kataria with effect from 11 July 2012.

BEML`s directors resign With effect from 07 July 2012 M B N Rao, J P Batra and J P Singh, part-time non-official (independent) directors on the board of BEML have ceased to be directors with effect from 07 July 2012.

President of India appoints P K Kataria as part-time government director of BEML With effect from 13 June 2012 BEML has announced that the President of India has appointed P K Kataria as part-time government director on the board of the company vice S C Pandey with effect from 13 June 2012.

P Dwarakanath to take charge as chairman & managing director of BEML BEML has announced that P Dwarakanath, director (rail & metro business) has taken additional charge as chairman & managing director of the company in place of V R S Natarajan.

BEML recommends dividend Of 50% The board of BEML in its meeting on 31 May 2012 has recommended dividend at the rate of Rs 5 per share (50%).

BEML postpones board meeting To 31 May 2012 The board meeting of BEML which was originally scheduled to be held on 30 May 2012 has been postponed. The meeting will now be held on 31 May 2012.

BEML to consider dividend Board meeting on 30 May 2012 The board meeting of BEML will be held on 30 May 2012 to consider and take on record the audited financial results for the fourth quarter and financial year ended 31 March 2012 and to consider and recommend dividend on equity shares for the year 2011-2012.

BEML puts up Aerospace Manufacturing Complex at SEZ, Bangalore BEML has announced that the company has started setting up state-of-the-art Aerospace Manufacturing Division at SEZ Park near Bangalore International Airport, Devanahalli.

BEML bags Rs 318 crore Jaipur Metro orders BEML has bagged prestigious Jaipur Metro order valuing to Rs 318 crore. By this order, BEML will manufacture, supply, test and commission 10 train sets of 4 car each, totaling 40 cars to Jaipur Metro Project. It is anticipated that another Rs 60 crore worth order may be forthcoming for Jaipur Metro. BEML is the supplier of Metro Cars to Delhi Metro Rail Corporation (DMRCL) and Bangalore Metro Rail Corporation (BMRCL) and now Jaipur Metro. BEML has also, by virtue of its domain expertise in the manufacture of Metro Cars, has indigenously designed, developed and supplied Intermediate Metro Cars to Delhi Metro to replace the existing 4-car sets to 6-car sets and thereby enhance the Passenger-carrying capacity. Besides, BEML is in the process of designing and developing affordable metro cars to suit the upcoming Metro Projects for Tier-II cities. As its major business verticals, BEML is manufacturing and supplying equipment to Defence 86 Aerospace, Rail & Metro and Mining & Construction sectors. Besides, BEML is also into the business of e-engineering, trading and dredging. Having an order book of over Rs 6,000 crore, BEML is set to achieve a turnover of Rs 4,300 crore for the current Financial Year and to achieve Rs 5,000 crore in 2013-14 to coincide with company`s golden jubliee year. The company made this announcement during the trading hours today, 20 December 2011.

Mutual Funds on buying spree in BEML As per data from BEML, the Mutual funds have been increasing their Stake in BEML from December 2010 levels gradually through 2nd December 2011 Mutual funds had mere 9.0% stake in BEML as of December 2010. But since then, they have been consistently increasing their stake to 9.5% in March 2011, 9.7% in June 2011, which leaped to 12.2% by September 2011. BEML has disclosed its share holding pattern as of 2nd December 2011, which evidence that the Mutual funds have stepped up their exposure to BEML further, and their stake as on this date is now 13.37%. The company has indicated that this represents stake in the company by mutual funds and UTI. Mutual Funds such as DSP BlackRock, Reliance, SBI, Sundaram, Tata and UTI have been consistently holding BEML as part of their portfolio for the selected period from March 2009 to September 2011. Reliance Mutual Fund, which is one of the largest fund house in the country, had upped it holding to BEML in September 2011 by over 15 lakh shares, when compared with its holding in June 2011. On the flipside, SBI Mutual Funds had reduced its exposure to BEML by selling 1.64 lakh shares (by 45%) in September 2011, when compared with the data available in June 2011. UTI Mutual Fund had trimmed their exposure by selling 44146 shares (by 6%), while Sundaram Mutual Fund had marginally reduced its exposure by selling 60 shares in September 2011, when compared with June 2011. Consistent Holders of BEML Shares Fund Reliance UTI SBI Sundaram Tata DSP BlackRock House Mar-09 2091124 535779 758290 428664 301178 577260 Jun-09 2304170 585918 841233 759830 335956 224524 Sep-09 2028875 575918 733699 712166 391969 183065 Dec-09 2294706 556779 1045080 617623 359304 81505 Mar-10 2292449 556769 1125064 526209 350371 45347 Jun-10 2299504 548628 963116 440065 25499 39138 Sep-10 2081419 616769 828334 319668 56499 31447 Dec-10 1796016 638720 747267 49962 55500 23649 Mar-11 917546 951126 611341 101335 43499 9474 Jun-11 959202 748928 368868 61233 25500 9469 Sep-11 2542788 704782 204405 61173 25500 9474 Source: NAV India During September 2011, 23 schemes had exposure to BEML, with Canara Robeco Infrastructure having 2.40% (of the total AUM of the scheme), followed by Reliance Natural Resources Fund with 2.38% and UTI-Contra Fund with 2.21% among others. Canara Robeco Infrastructure has stepped up the share of BEML in its AUM from 0.61% in July 2011to 2.94% in November 2011. Likewise, Reliance Natural Resources Fund has also increased the share of BEML in its total AUM from 2.29% in August 2011 to 2.78% in November 2011. Tata Life Science & Technology Fund too has scaled up the share of BEML in its total AUM from 2.19% in August 2011 to 2.87% in November 2011. From about 50.93 lakh shares held as of 30th September 2011, the mutual fund industry has stepped up its stake in BEML. The share of investments in BEML in the total AUM of Select funds like Tata Life Science & Technology Fund, UTI Contra Fund and Reliance Natural Resource Funds have increased as of November 2011, from September 2011 levels. Even BEML has indicated that the Mutual funds now hold 5.57 lakh shares by 2nd December 2011, up from 50.93 lakh shares as of 30th September 2011 and from mere 37.45 lakh shares as of 31st December 2010

BEML introduces high-end earthmoving equipment in China BEML has showcased its world-class high-end earthmoving equipment like Dozers, Excavators, Dumpers, Motor Grader, etc in the China Mining Congress and Expo-2011 being held at Tianjin, China from 6th to 8th November 2011. BEML has its export market base in over 55 countries across the globe for its mining & construction equipment besides having local BEML establishments in China, Indonesia, Malaysia and Brazil. While China and Malaysia Offices are presently operated for global sourcing, the establishments at Indonesia and Brazil are to market and provide services to its overseas customers.

BEML enters into dreding business signs technical tie-up with Vosta LMG, Netherlands BEML has forayed into dredging business. To exploit the emerging opportunities in the dredging business on account of Maritime Agenda announced by Government of India which emphasizes on navigable depths of Water Ways, BEML has signed a Memorandum of Agreement with globally renowned dredging company Vosta LMG, Netherlands for the design, construct and deliver various types of dredgers and other vessels to customers located in India and South East Asia.

BEML bags orders worth Rs 230 crore BEML has bagged huge orders worth Rs 230 crore during August and September 2011 from Central Coalfields (CCL) and Northern Coalfields (NCL), both subsidiaries of Coal India for supply of 100 ton and 60 ton dump trucks.

BEML forays into Thailand for export of mining equipments BEML has announced that the company has launched its products in Thailand by appointing Paragon Machinery as its distributor for Thailand. With this business association, Paragon Company will market the range of BEML products like dump trucks, excavators, loaders, motor graders, dozers, etc all over Thailand and neighboring Nations like Myanamar, Lagos, Cambodia, etc. The company offers world class quality products for the diverse sectors of the economy such as mining, construction, road building, aviation, defence, metro and railways. The company has emerged as the fore runner of heavy engineering industry with a track record of growth for over four decades and currently having revenue of $800 million. BEML has shipped its products to over 55 countries and has operations in Malaysia, Brazil, Indonesia and China.

President of India appoints P R Naik as director (defence business) of BEML With effect from 01 July 2011 BEML has announced that the President of India has appointed P R Naik as director (defence business) on the board of the company vice V Mohan with effect from 01 July 2011.

President of India appoints S C Pandey as part-time Government director of BEML With effect from 07 June 2011 BEML has announced that the President of India has appointed S C Pandey, Additional Financial Advisor & Joint Secretary, Ministry of Defence (Finance) as part-time Government director on the board of the company vice P K Mishra, FA & JS with effect from 07 June 2011.

BEML recommends dividend Of 100% The board of BEML in its meeting on 31 May 2011 has recommended dividend at the rate of Rs 10 per share (100%) for the year 2010-11.

Government of India appoints C N Durgesh as director of BEML With effect from 18 March 2011 BEML has announced that the Government of India has appointed C N Durgesh as director (mining & construction business) on the board of BEML with effect from 18 March 2011.

M Poongavanam ceases as director of BEML With effect from 28 February 2011 BEML has announced that M Poongavanam, director (mining & construction business) relinquished the office of director on 28 February 2011 consequent upon his superannuation.

Government of India appoints Rashmi Verma as Government nominee director of BEML BEML has announced that the Government of India has appointed Rekha Bhargava, Former Secretary to the Government of India, Noble Thamburaj, Former Vice Chief of Army Staff, Kanwal Nath, Former Deputy C&AG, Ramesh Bhat, Professor, IIM (Ahmedabad) and S. Sadagopan, Director, IIIT, Bangalore as independent directors on the board of the company. Further, the Government of India has also appointed Rashmi Verma, Joint Secretary (Missile Systems), Department of Defence Production, Ministry of Defence as Government nominee on the board of the company vice V. Somasundaran.