BEML, the premier public sector company is looking South-East Asian countries’ markets like Thailand, Malaysia and Indonesia for supplying earth moving equipment. Other than South East Asia, the company is also eyeing Africa and South America, as it is aiming export turnover to be Rs 1,500 crore by 2018.
The company also engaged in supply of defence equipment, is aiming a turnover of Rs 2,500 crore to Rs 3,000 crore from this line of business. It is also investing Rs 455 crore in a new factory which will manufacture helicopters and small business jets.
BEML is a Public Sector Undertaking, operates on three major business verticals for associated equipment manufacturing namely mining and construction, defence and rail and metro. It manufactures rail coaches and spare parts and mining equipment at its Bangalore complex.
