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Home arrow News arrow Business News arrow BEML set to reach sales target of Rs. 3,500 crores in current financial year
BEML set to reach sales target of Rs. 3,500 crores in current financial year Print E-mail
Written by Anand   
Wednesday, 18 November 2009
New Delhi: BEML Limited, a premier public sector company under the Ministry of Defence engaged in the manufacture and supply of defence products, heavy earth moving equipments for the mining and construction sector and Rail and Metro coaches, is set to reach sales target of Rs. 3,500 crores for the current financial year and the pending order book position is expected to cross Rs. 6,000 crores by March 2010 for execution during 2010-11 and beyond.

The Bangalore based mini- Ratna Category – I status company has declared a dividend of 120 per cent for the second year in succession. BEML, earlier this month, won the Raksha Mantri’s Award for Excellence for best performance in export for the year 2007-08, among all Defence PSUs.

BEML's CMD Shri VRS Natarajan presented a cheque of Rupees 27 crores to the Defence Minister Shri AK Antony here today towards dividend for the financial year 2008 – 09 against 54.03 percent of company’s shares held by the Government. Last year also BEML paid an equal amount of dividend.

Recently, the BEML – led consortium had bagged a tender for supply of 164 rolling stock / standard gauge metro cars to the Chennai metro from among seven contenders.

 
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