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BEML Q4 PAT down 14% to Rs 160 cr

BEML s standalone net profit dropped 14.16% to Rs 159.94 crore on 66.33% increase in net sales to Rs 1,773.81 crore in Q4 March 2021 over Q4 March 2020.Profit before tax soared 25.30% to Rs 177.95 crore in Q4 FY21 as against Rs 142.01 crore in Q4 FY20.
During the financial year, BEML s net profit climbed 9.39% to Rs 74.80 crore on 17.45% rise in revenue from operations to Rs 3,557.21 crore in FY 2021 over FY 2020.
The board has recommended a final dividend of Rs 1.20 per equity share for the year ended 31 March 2021.
Meanwhile, the Ministry of Defence (MoD) has informed that the Department of Investment and Public Asset Management (DIPAM) and NITI Aayog have concurred to the proposal of incorporation of wholly-owned subsidiary (WoS) of BEML for demerger of surplus land and asset as part of BEML s strategic divestment process undertaken by Government of India (GoI). ....

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BEML standalone net profit declines 14.16% in the March 2021 quarter

Read more about BEML standalone net profit declines 14.16% in the March 2021 quarter on Business Standard. Sales rise 66.33% to Rs 1773.81 crore ....

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BEML unveils mechanical minefield marking equipment for Indian Army

The equipment is designed for marking the mine fields at faster rate, semi-automatically with minimal human intervention.BEML has rolled out the first prototype of mechanical minefield marking equipment Mk-II, built on BEML TATRA 6x6 an Atmanirbhar product, developed through Technology of Transfer (ToT) from Research & Development Establishment Engineers (R&DE Engineers), Defence Research and Development Organisation (DRDO).
MK-II will greatly benefit Indian army to mark/fence minefields. The equipment is capable of marking/fencing at a minimum rate of 1.2 km/hr with inter-picket spacing of 15 m. MMME Mkc-II system is designed to operate in plains of Punjab, as well as semi-desert & desert of Rajasthan, in all weather conditions. The system can store 500 numbers of pickets and polypropylene rope of 15 km in length. ....

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BEML bags orders from Cameroon & Bangladesh | Business Standard News

BEML has received export orders from Cameroon and Bangladesh under Government of India-Lines of credit to supply construction equipment.
The order for Cameroon has been received from Ministry of Economy, Planning & Regional Development (MOEPRD), Government of Cameroon for supply of 71 units of construction equipment consisting of Bulldozers, Excavators, Wheel Loaders, Motor graders and Compactors for their Cassava Farm Project.
The order for Bangladesh has been received from Ministry of Roads & Highways Department, Government of Bangladesh for supply of construction equipment consisting of Wheel Dozer for their construction, Repair and Maintenance of Road and Infrastructure projects in Bangladesh.
Valuing at around $23 million, these equipment will be having more than 90% indigenous content and will be manufactured at BEML s KGF and Mysore plants in Karnataka. ....

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BEML receives export orders worth USD 23 mn from Cameroon and Bangladesh

BEML has received export orders from Cameroon and Bangladesh under Government of India - Lines of credit.
The order for Cameroon has been received from Ministry of Economy, Planning & Regional Development (MOEPRD), Government of Cameroon for supply of 71 units of construction equipment consisting of Bulldozers, Excavators, Wheel Loaders, Motor graders and Compactors for their Cassava Farm Project.
The order for Bangladesh has been received from Ministry of Roads & Highways Department, Government of Bangladesh for supply of construction equipment consisting of Wheel Dozer for their construction, Repair and Maintenance of Road and Infrastructure projects in Bangladesh.
Valuing at around USD 23 Million, these equipment will be having more than 90% indigenous content and will be manufactured at BEML s KGF and Mysore plants in Karnataka signifying the true spirit of Atmanirbhar Bharat with thrust on going global. ....

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