BEML Limited (formerly Bharat Earth Movers Limited) was established in May 1964 as a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex. The Company ha s partially disinvested and presently Government of India owns 54 percent of total equity and rest 46 percent is held by Public, Financial institutions, Foreign Institutional Investors, Banks and Employees.
During the financial year 2006-07, BEML achieved a sales turnover of US$ 650 mn (INR 2601 crores) and a pre tax profit of US$ 79 mn ( |
