|BEML appoints finance director|
BEML appoints finance director
With effect from 01 October 2013
BEML announced that the Government of India has appointed Pradeep
Swaminathan as the finance director on the board of the company vice M.
Pitchiah with effect from 01 October 2013.
|BEML to convene AGM|
BEML to convene AGM
On 13 September 2013
BEML will hold the 49th annual general meeting on 13 September 2013.
|BEML Appoints Director|
BEML Appoints Director
With effect from 01 July 2013
D K Hota is appointed as director of BEML with effect from 01 July 2013.
|BEML Recommends Dividend|
BEML Recommends Dividend
Of Rs 2.50 per share
The board of BEML in its meeting held on 29 May 2013 has recommended
dividend of Rs 2.50 per share on face value of Rs 10 per share for the year
|BEML - - Board to consider Dividend|
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|
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|
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
|Government of India appoints P K Mishra as part-time Government director of BEML|
Government of India appoints P K Mishra as part-time Government director of
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
|BEML appoints independent directors|
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|
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
|President of India appoints Rajnish Kumar as part-time government director of BEML|
President of India appoints Rajnish Kumar as part-time government director
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|
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|
President of India appoints P K Kataria as part-time government director of
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|
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|
BEML recommends dividend
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|
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|
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 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
|BEML bags Rs 318 crore Jaipur Metro orders|
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
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
The company made this announcement during the trading hours today, 20
|Mutual Funds on buying spree in BEML|
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
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%
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 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 enters into dreding business signs technical tie-up with Vosta LMG,
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 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 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,
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
|President of India appoints P R Naik as director (defence business) of BEML|
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|
President of India appoints S C Pandey as part-time Government director of
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|
BEML recommends dividend
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|
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|
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.