BEML to establish assembling unit for mining equipment in Indonesia

14 Dec 2011 Evaluate

BEML, the premier public sector company under the Ministry of Defense is planning to establish an assembling unit for mining equipment in Indonesia. So far, the company has supplied items to 20 units in Indonesia. Once the number touches 100, the company will set up an assembling facility there - for dumpers, dozers, excavators and others and is expected to touch 100 units next year.

In another development, the Bangalore-based public sector undertaking is looking at hiving off its rail business into a new subsidiary. BEML is the only Indian company rolling out metro rail cars. It is supplying rolling stocks for Delhi Metro and Bangalore Metro and is negotiating for orders from other metro rail projects.

Recently, the company in alliance with Combat Vehicle Research and Development Establishment (CVRDE) set up a technology centre at latter's campus at Avadi, in the Chennai suburbs.

BEML is a Public Sector Undertaking, operates on three major business verticals for associated equipment manufacturing namely mining and construction, defence and rail and metro. It manufactures rail coaches and spare parts and mining equipment at its Bangalore complex.

BEML Share Price

1439.45 45.45 (3.26%)
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