BEML HANDS OVER DIVIDEND WORTH RS 5.625 CRORE TO RAJNATH SINGH

by Editorial

Defence Public Sector Undertaking (DPSU) Bharat Earth Movers Limited (BEML) paid dividend worth Rs 5.625 crore to Defence Minister Rajnath Singh in New Delhi on Monday. The cheque was handed over by Chairman and Managing Director (CMD) of BEML Dr Deepak Kumar Hota. The Company has declared dividend of Rs six per share, i.e., 60 per cent of the equity share capital, which amounts to Rs 24.99 crore for the financial year (FY) 2019-20.

Incorporated in 1964, BEML is Schedule ‘A’ DPSU, under the Ministry of Defence (MoD) engaged in the design, development, manufacturing and after-sales-service of a wide range of products for core sectors of economy such as coal, mining, steel, cement, power, irrigation, construction, road building, defence, railway and metro transportation system & aerospace. The BEML is a listed Company and the Government holds 54.03 per cent of the total paid up capital of the Company.

Under its defence segment, the BEML offers high mobility & recovery vehicles, bridge systems, vehicles for missile projects, tank transportation trailers, milrail wagons, mine ploughs, crash fire tenders, aircraft towing tractors, aircraft weapon loading trolley, etc. As on today, the company has an order book position of over Rs 1,1500 crore which is under execution. This includes supply of India’s biggest designed & developed 190T Dump Trucks to CIL, Driverless Metro cars (Unattended Train Operation-UTO) to MMRDA and High Mobility Trucks for Bridge Systems and Missile systems to Defence Services.

Secretary (Defence Production) Raj Kumar, other senior officials of MoD and the DPSU were present on the occasion.

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