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.
| Company Name | CMP |
|---|---|
| BEML | 1771.10 |
| Action Const. Equip | 916.35 |
| Sanghvi Movers | 304.25 |
| TIL | 206.55 |
| Brady & Morris Engg | 828.40 |
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