BEML aims to double its defence vertical revenue in FY19

BEML's Defence segment accounted for around 17% of the company's overall revenue of Rs 33 billion in the financial year ended March 2018

Public sector engineering major, Bharat Earth Movers Limited (BEML) is betting big on the defence vertical with a plan to double its revenues from this segment in the current financial year. 

The defence segment accounted for around 17 per cent of the company’s overall revenue of Rs 33 billion in the financial year ended March 2018.

"We see a lot of traction in our defence vertical. The order book looks healthy and we should be able to increase the pie of defence vertical to around 25 per cent of the overall revenues in the current financial year," Chairman and Managing