BEML sets target of Rs 3000 crore revenue in 2017 18

BEML sets target of Rs 3000 crore revenue in 2017 18

NEW DELHI: Bharat Earth Movers Limited (BEML) today signed an agreement with the defence ministry for production of various weapons platforms for the armed forces in 2017-18, setting a revenue target of Rs 3,000 crore for the year. 
 
The Secretary (Defence Production), Shri Ashok Kumar Gupta and the CMD, Bharat Earth Movers Limited (BEML), Shri D.K. Hota signed a Memorandum of Understanding between Department of Defence Production and BEML, in New Delhi on July 04, 2017. 
 
The annual memorandum of understanding (MoU) was signed between Ashok Kumar Gupta, Secretary Defence Production, on behalf of the Ministry and CMD of BEML D K Hota.The Additional Secretary (Defence Production), Ms. Surina Rajan and the Joint Secretary (Defence Production), Ms. Kusum Singh were also present on the occasiuon. . 
 
"The revenue from operations has been targeted at Rs 3,000 crore, which is 16 percent increase over the previous year," the defence ministry said in a statement.

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