BEML, a Defence public sector undertaking, may hive off one or two businesses, possibly rail and metro, in a corporate restructure it plans to roll out in fiscal 2012-13. The revamping would include diversification into new and high-growth businesses such as dredging and expansion in the aerospace segment. BEML targets a turnover of Rs 5,000 crore by 2012-13 and Rs 10,000 crore by its 50th anniversary in 2017. To achieve this, it would need to grow at a rate of 15-20 per cent a year.
BEML expects a turnover of Rs 4,200 crore this fiscal. The rail and metro coaches division had matured into yielding revenue of Rs 300 crore. This unit supplied coaches for the Delhi Metro and the upcoming Bangalore metro rail projects. The next opportunity would be in the two-year-old aerospace business, which could also be developed independently. Dredging is an untapped Rs 6,000 crore opportunity in the country. The company would make equipment for this sector over the next three years, aiming at a business of Rs 1,000 crore.
| Company Name | CMP |
|---|---|
| BEML | 1744.50 |
| Action Const. Equip | 905.40 |
| Sanghvi Movers | 299.45 |
| TIL | 206.90 |
| Brady & Morris Engg | 828.00 |
| View more.. | |
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