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BEML Ltd has made entry into dredging starting with a technology tie-up with Netherlands company Vosta LMG.
The new stream of business would generate for BEML an additional Rs 220 crore in revenue in the next two years. BEML, currently focusing on mining and construction equipment, rail and metro coaches, and of late aerospace, closed 2010-11 with a turnover of Rs 4,200 crore.
As per an agreement the two signed in Amsterdam, BEML will design, manufacture and market a range of dredgers and other vessels using technology transferred from Vosta. It would market them for customers located in India and South-East Asia. BEML has a presence in Indonesia and Thailand.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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*Color code for outperformance consistency
*Number is average 3 year rolling returns
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