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BEML Ltd.

BSE: 500048 Sector: Engineering
NSE: BEML ISIN Code: INE258A01016
BSE LIVE 15:55 | 09 Dec 927.85 8.65
(0.94%)
OPEN

927.30

HIGH

933.95

LOW

907.00

NSE LIVE 15:52 | 09 Dec 927.40 12.00
(1.31%)
OPEN

922.00

HIGH

933.30

LOW

906.00

OPEN 927.30
PREVIOUS CLOSE 919.20
VOLUME 42868
52-Week high 1324.40
52-Week low 770.15
P/E 113.71
Mkt Cap.(Rs cr) 3863.57
Buy Price 928.20
Buy Qty 36.00
Sell Price 0.00
Sell Qty 0.00
OPEN 927.30
CLOSE 919.20
VOLUME 42868
52-Week high 1324.40
52-Week low 770.15
P/E 113.71
Mkt Cap.(Rs cr) 3863.57
Buy Price 928.20
Buy Qty 36.00
Sell Price 0.00
Sell Qty 0.00

BEML Ltd. (BEML) - Company History

BEML Ltd is the leading manufacturer of heavy earth moving equipment in Asia and an Indian Public Sector Company under the Ministry of Defence, Govt. of India. The company is engaged in the manufacturing of rail coaches and spare parts, and mining equipment at their Bangalore Complex. They play pivotal role and serves India's core sectors like Defence, Rail, Power, Mining and Infrastructure. The company operates under three major Business verticals, namely Mining & Construction, Defence and Rail & Metro. Mining & Construction offers range of mining machinery for both opencast and underground mines. Rail & Metro involves supplying integral rail coaches, overhead electric inspection cars and postal vans to Indian Railways. Defense Division manufactures variants of Tatra vehicle for all terrain operations including bridge layer, field artillery tractor, medium and heavy recovery vehicle. In addition to the above, Technology Division of the company provides end-to-end technology solutions in Auto, Aero, Defence and Rail & Metro related areas. The Trading Division deals with non-company products and commodities, such as iron ore, coal and steel billets for both captive in-house requirements. International Business Division deals with export activities. The company has their corporate head office and central marketing division located at Bangalore, Karnataka, India. They have 3 manufacturing facilities in Bangalore, Mysore and Kolar Gold Fields, all in the state of Karnataka, India. They have an extensive procurement, sales and marketing network across India, consisting of 4 zonal offices, 10 regional offices, 15 district offices and 6 service centres. They have representative offices at Singapore, China, Malaysia, Indonesia and Brazil. BEML Ltd was incorporated on May 11, 1964 as a public sector undertaking with the name Bharat Earth Movers Ltd under the administrative control of Department of Defence Production and Supplies, Ministry of Defence. The company commenced operations at Bangalore with the transfer of railway coach manufacturing facilities from Hindustan Aeronautics Ltd with land, building, plant and machinery for a consideration of Rs 600 lakh. In the very first year of starting operations, they started manufacturing wide range of wheeled mining and construction equipment under technical collaboration with a US company. During the year 1967-68, the company commissioned Heavy Earthmoving Equipment Division at Kolar Gold Fields. In the year 1979, they entered into a collaboration agreement with Komatsu Limited, Japan for technical know-how in a wide range of mining and construction equipment such as bulldozers. In the year 1985, the company established the Dump Truck Division at Mysore. Also, Vignyan Industries Ltd became a subsidiary of the company during the year, by transfer of shares constituting over 75% from the GoK. In the year 1987, the company set up an exclusive Hydraulics and Powerline Division and a full-fledged R&D centre in the Kolar Gold Field (KGF) facility. In the year 1991, they set up their engine division at Mysore for manufacture of heavy duty diesel engines. In the year 1992, the Government of India divested the equity shares in the company and in February 21, 1992, the company was converted into a public limited company. Also, the company was recognized as an Export House with Star Exporter status during the year. In the year 1994, the company shares were listed at the Stock Exchanges at Bangalore, Mumbai, Kolkata, Delhi and Chennai. Also, the company launched the Mammoth equipment 'walking dragline'. In the year 1996, the company entered a major counter trade agreement with Syria executed against import of rock phosphate. In the year 1998, the company bagged orders against World Bank tenders valued at Rs. 70,000 lakh for equipment supply to CIL projects. During the year 2003-04, the company entered the Metro Railway business with the manufacture and supply of hi-tech stainless steel metro coaches to the Delhi Metro Rail Corporation. In the year 2004, they acquired over 1,100 acres of land and 2 workshops on lease basis from the now-defunct public sector undertaking Bharat Gold Mines Ltd in Kolar Gold Fields for supporting their expanding production activities in the defence and railway sectors. Also, they formally launched 7 T Class Excavator - BE71 and Backhoe loader - BL 9H. During the year 2005-06, the company introduced the R&D's innovative product, Load Haul Dumper (LHD) - BL15 and exhibited in the IMME - Kolkata. A four-cylinder indigenous engine B4D105 was successfully built, tested, evaluated and fitted on one of the earthmoving equipment for user trials. Also, the in-house developed 20T class Excavator BE200 has successfully completed user trials and released for production. From April 1, 2006, the company underwent organizational restructuring to improve their competitiveness in the global market. Consequent to this, the company's operations was divided into three business groups, namely Mining & Construction, Defence and Railway & Metro Business. In April 12, 2006, the company diversified into new business areas by opening two new divisions, namely Technology Division and Trading Division. In August 29, 2006, the company was conferred 'Mini Ratna - Category 1' status by the Ministry of Defence. In September 2006, the company signed an MoU with CCC (Compagnie Comercio E Construcoes) and established a joint venture company for manufacturing and supplying of rail wagons & bogies, mining & construction equipment and spares. In December 2006, the company entered into an agreement with US based Terex Mining to manufacture, sell and service and to provide support for certain mining haul trucks of Terex design. In February 2007, Taneja Aerospace & Aviation Ltd signed an MoU with the company at Aero India 2007 in order to explore the aeronautical offset opportunities in the defence and civilian sectors and also the development opportunities in the domestic market. During the year 2007-08, the company's R&D Centre developed Pipe Layer BP70X with unique features like modular planetary winches mounted on one side for improved visibility, rugged boom, pilot operated hydraulic system. Also, the company launched the R&D Centre developed equipments, namely Hydraulic Excavator BE700 and Transmission for BH35-2. In April 18, 2007, the company formed a joint venture company namely BEML Midwest Ltd at Hyderabad. The joint venture is a professionally well knit company with the company having 45% share, Midwest Granite Pvt Ltd and P T Sumber Mitra Jaya of Indonesia as partners with 55% share. The name of the company was changed from Bharat Earth Movers Ltd to BEML Ltd with effect from October 5, 2007. In October 2007, the company launched marketing office cum warehouse at Malaysia in the name of BEML (Malaysia) Sdn Bhd (787108-A) at Johor Bharu. Also, they secured an order from Delhi Metro Rail Corporation (DMRC) for manufacture and supply of 156 numbers state of the art standard gauge stainless steel metro cars towards second phase of operation worth Rs 1144 crore. During the year 2008-09, the company's R&D developed BE300 with Rexroth Hydraulics, BL200 Re-engineered version, WS70 High Capacity water Sprinkler, BA28 Air craft Towing Tractor, Transmission and Torque Converter for BH35-2. In May 2008, the company entered into an MoU with Steel Authority of India Ltd in which SAIL will purchase a total number of 261mining equipment over a period of next three years. Also, the company signed a long term agreement for 12 years with Coal India Ltd for joint production of Off the Road (OTR) to meet the requirement for production by the company and after sale requirement by Coal India Ltd. During the year 2009-10, the company's R&D developed Snow cutter, 125 Ton Excavator, upgraded version of BD 65 with joystick controls for work attachment, Arm chair steering control and hexagon ROPs cabin, transmission and torque converter for BH 50M. In April 2009, the company established their assembly unit Beml Brasil Industrial Ltda at Rio De Janeiro, Brazil. In August 2009, the company launched their local company, namely PT BEML Indonesia at Jakarta in Indonesia. Also, they inaugurated the Indonesian Marketing cum Spares Depot and Service Centre at Balikapapan, Indonesia. In October 8, 2009, the company received Construction World Award 2009 for the fastest growing construction equipment company by Union Minister for Roads Transport and Highways at Mumbai. In October 15, 2009, the company received SCOPE Award from Hon'ble Prime Minister for Excellence and Outstanding Contribution to the Public Sector Management Medium PSE Category for the year 2006-07. In January 16, 2010, the company received the Golden Peacock Award (Innovative management category) at Bangalore. In March 2010, the company bagged an order worth Rs 632 crore from the Ministry of Defence for supply of BEML Tatra variants. In May 16, 2010, the company inaugurated the Greenfield Project at Kanjikode, Palakkad and the Unit became operational rolling out Defence products and Rail parts. In June 2010, the company signed an MoU with Karnataka Government for establishing another manufacturing complex in Bangalore. In February 7, 2011, the BEML Aerospace Manufacturing Division at Mysore with Horizontal Machining Centre facilities was inaugurated at their Mysore Complex. This division will manufacture Gears for helicopters, Jigs for aircraft structures, Machining of aerospace components, Fabrication of structural sub-assemblies for Su-30 aircraft and Variety of Ground Support and Ground Handling equipment. Further, this new Division will undertake manufacture of complex gears and gear boxes for helicopters and aero engines, landing gears of aircraft, fabrication of minor and major structural assemblies and upgrades of aircraft and helicopters.

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