The Government of India, Ministry of Defence, has given 'in-principal' approval of the Cabinet Committee on Economic Affairs (CCEA), for strategic disinvestment of 26% equity shares in BEML out of Government of India shareholding of 54.03%. The said shareholding would be sold to the strategic buyer/s to be identified by the Government of India by following due procedure.
BEML is a manufacturer of mining and construction equipments in India. It deals in three product segments comprising mining and construction equipments, defense products and railway & metro products. It is also engaged in design and manufacturing of high quality hydraulics, heavy-duty diesel engines, welding robots and heavy fabrication jobs.
