BEML LIMITED registered a growth of 18% in sales and posted a sale of Rs.3558 crores during 2009-10 compared to Rs.3013 crores during the previous year. BEML’s diverse business portfolio helped the company achieve this growth rate. While Rail & Metro business group has achieved phenomenal growth of 114% and Defence business group about 14% over the previous year, Mining & Construction business group has succeeded in maintaining its sales in spite of the general decline in off-take across the world still recovering from its economic slowdown. Company posted a Profit Before Tax of Rs.320 crores and wrapped up the year with a healthy order book of Rs.5206 crores for execution during 2010-11 and beyond.
Some of the major achievements are:
1.Opening of International Marketing Office -- PT.BEML INDONESIA
2.Rolled out India ’s first indigenously built Standard Gauge Metro Car
3.Indigenously developed ‘Intermediate’ Metro cars designed, developed & supplied to DMRC RS4
4.Launched a host of a new R&D products like Catenery Maintenance Vehicle, 125 ton Hydraulic Excavator, Snow Cutter, Aluminium Wagon, BL200-1 Front End Loader
5.Bagged order for supply of Walking Dragline to NCL
6.Established Palakkad Manufacturing Unit in record time of 10 months and 6 months from first brick
7.Signed MoU for setting up Aerospace Manufacturing Unit at Aerospace SEZ, Bangalore
8.Acquired the assets of MAMC along with consortium partners CIL & DVC for diversifying into Under Ground Mining Equipment
With a conducive business environment, robust order book on hand and anticipated emerging opportunities, the company has set for itself an ambitious sales target of Rs.4200 crores for 2010-11 and is hopeful of crossing Rs.5000 crore mark by 2011-12. The company has invested over Rs.500 crore for the last five years. Now plans to invest Rs.680 crores in the next 2-3 years for expansion and diversification.
