BEML highest turnover of FY20-21, up by 17% PSU NEWS

BEML Limited recorded its highest ever turnover of Rs 3557 crores for the FY 2020-21 against the previous year's turnover of Rs 3029 crores a growth of 17%.

 

BEML highest turnover of FY20-21, up by 17%
Representational Image, BEML Limited (Palakkad Complex), Image: BEML website

 

New Delhi: Defence Public Sector Undertaking, BEML Limited recorded its highest ever turnover of Rs 3557 crores for the FY 2020-21 against the previous year's turnover of Rs 3029 crores a growth of 17%.

In spite of major disruption and slowdown of economic activities caused by the outbreak of the Covid-19 pandemic, the Company has been able to perform so creditably. The Value of Production stood at an all-time high of Rs 3556 crores. The Company’s PBT stood at Rs 93 crores, a jump of 285% compared to last year.

Under the Atmanirbharata Mission, BEML rolled out state-of-the-art machines in all its three business verticals.

The first prototype Mechanical Minefield Marking Equipment Mk-II, built on BEML Multipurpose vehicle (6x6) through ToT from R&D E Engineers, DRDO. BEML is expected to receive orders of more than 55 systems from MoD after the successful trial evaluation.

BEML supplied the first set of indigenously designed, developed & produced Driverless Metro Train to MMRDA, Mumbai. The train is now under dynamic test trials. BEML will supply a total of 96 Metro train sets over the next two years.

BEML delivered one of Asia’s biggest BH205E dump Truck to NCL apart from BE1800D excavator to Coal India under Aatmanirbharata Mission. Exports doubled during 2020 – 2021. Further, BEML bagged major orders from the Government of Cameroon for the supply of 71 units of construction equipment worth Rs 160 crores.

“It is creditable for Team BEML to achieve this highest ever turnover in spite of tough conditions and we were able to meet our customers’ requirements amidst lockdown last year. Significantly, we won a majority of the orders against stiff global competition,” said Shri M V Rajasekhar, CMD BEML.



Posted Date :  11-06-21

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