Hiving off its rail business into a separate subsidiary, setting up a unit in Indonesia and manufacturing engines for India's main battle tanks are some of the plans on the list of mining and heavy equipment manufacturer BEML Ltd. With a business potential of around Rs.1 trillion in rail rolling stocks over the next 10 years, BEML is planning to hive off its rail business into a separate subsidiary for greater focus next fiscal. BEML is the only Indian company rolling out Metro rail cars. The company is supplying rolling stocks for the Delhi Metro and Bangalore Metro.

With the Indonesian market turning out attractive for its mining equipments, BEML is mulling an assembly unit there. The company has supplied mining equipments worth Rs 150 crore for mines in Indonesia and has pending orders worth Rs 125 crore.

BEML is also planning to make battle tank engines and transmissions for India's main battle tank Arjun while talks are on with a foreign firm for building and supplying 155 mm, 52 calibre tracked gun. The company is building a new facility for making components for aerospace sector in Mysore in Karnataka. BEML will be supplying five dredgers to Bangladesh as part of line of credit extended by India to that country. BEML has tied up with Vostra of Holland for manufacturing dredgers.

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940.45 0.00 (0.00%) Nov 18, 18:01
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