Our Company was incorporated by Government of India as a public sector
undertaking under the Administrative control of Ministry of Defence,
of Defence Production and Supplies. We were incorporated as a private
company vide our certificate of incorporation bearing number 1530
11, 1964 under the Companies Act by the name ‘Bharat Earth Movers
On the formation of our Company, the rail coach of Hindustan
was transferred to us with land, building, plant and machinery,
other infrastructure facilities as a going concern for a total
approximately Rs. 6 crores, which was met by issue of shares for
other than cash.
In the year 1992, the GoI decided to dis-invest our Equity Shares and
by a resolution passed at the EGM held on February 21, 1992, we were
into a public limited company through filing a statement in lieu of
the RoC. We are a multi-technology company offering high quality
diverse sectors of economy such as coal, mining, steel, limestone,
construction, road building, defence and railways. In the past four
have come to the forefront of heavy engineering industry and have
significant presence in earthmoving industry.
Since our incorporation, we have changed our registered office once.
At the time
of formation of our Company, our registered office was situated at
J. C. Road, Bangalore - 560002. Subsequently, we changed our
to the current Registered Office, which is at BEML Soudha, No. 23/1,
Road, Sampangiramanagar, Bangalore - 560 027.
We have our manufacturing units at Kolar Gold Fields Complex,
and Mysore Complex. At our KGF Unit we are manufacturing heavy earth
equipments like bulldozers, hydraulic excavators, mining shovels,
walking draglines, loaders, etc. At our Bangalore Unit, we are
rolling stock, metro coaches, defence equipments and aggregates. At
unit, we are manufacturing dumpers, motor graders, engines of
different sizes and
capacities and also defence equipments. (For details with respect to
area of land
and location, please refer to the section of Property Details of
section on Our
Business on page 54 of this Red Herring Prospectus.)
We have one subsidiary, namely Vignyan Industries Limited, which is
supply of different types of castings to diverse clientele. For
further details with respect
to the subsidiary, please refer section tited Our Promoter,
Subsidiary and Group
Companies on page 109 of this Red Herring Prospectus.
1964 - Incorporation of our company as a private limited company with
registered office at Bangalore. Simultaneously, we took over as a
going concern the
rail coach division of Hindustan Aeronautics Limited in Bangalore
1968 - Establishment of the heavy earthmoving equipment division at
Kolar Gold Fields.
1979 - Collaboration agreement entered into by us with Komatsu
Limited, Japan for
technical know-how in the manufacture of a wide range of earthmoving
such as bulldozers
1985 - Dump truck division established at Mysore
1986 - Received National Import Substitution Award from Ministry of
1987 - An exclusive hydraulics and powerline division and a full
fledged research and
development center set up at Kolar Gold Field
- Purchase of Mysore complex unit
1990 - Received Corporate Excellence Award for outstanding
department of public enterprises, GoI
- Asia’s largest 170 ton electric dump truck assembled and
1991 - Engine division set up at Mysore for manufacturing heavy-duty
1992 - Conversion of our Company into a public limited company
- Sub-division of our Equity Shares of face value of Rs.
1000/- each to Equity
Shares of Rs. 10/- each
- Recognition as an Export House with Star Exporter status
1994 - Public Issue of 60,00,000 12.50% secured redeemable partly
debentures of Rs. 195/- each for cash at par aggregating to Rs. 117
crores offered to
- Listing of the Equity Shares at the Stock Exchanges at
Kolkata, Delhi and Chennai
- Mammoth equipment ‘walking dragline’ launched
1995 - Rights issue of 10,00,000 12.50% secured redeemable partly
debentures of Rs. 180/- each.
- Crosses Rs. 1,00,000 lakh mark in sales turnover
- Received ISO 9000 certification
1996 - Major counter trade agreement with Syria executed against
import of rock phosphate
1997 - Recipient of award for Best Employer of the Physically
handicapped from Ministry of
1998 - Bags orders against World Bank tenders valued at Rs. 70,000
lakh for equipment
supply to CIL projects
1999 - Integrated hi-tech applications program implemented in
manufacturing, operations and communications
2001 - Awarded the Best Exporter by the Department of Industry &
2002 - Awarded the Best Exporter by the Department of Industry &
- Regional award for highest exports awarded by Engineering
Export Promotion Council,
- Manufacture and supply of hi-tech stainless steel metro coaches to
- The Equipment division of Mysore unit was awarded the National
Safety Award under
the Scheme I and II
- Awarded the Best Exporter by the Department of Industry &
- Certificate of Excellence obtained from Engineering Export
- 7 T Class Excavator - BE71 and Backhoe loader - BL 9H were
- Four cylinder indigenous engine B4D105 has been introduced as an
- Awarded the Best Exporter by the Department of Industry &
- Our Company’s Equity Shares got voluntarily delisted from DSE and
application made for voluntary delisting of our Equity Shares to
-BEML Thrives with Rs 3680 mn orders
-BEML signs MoU with HMT to Draw Financial Assistance provided by GoI
for Metro Infrastructure
-BEML signs MoU with Rotem for Aerobridges
-BEML joins hand with Korean co Rotem to build aerobridges
-BEML inks MoU with Delhi Metro
-BEML inks MoU with HMT for metro rail coaches project
-BEML - Secretary (Defence Production) inaugurates BEML Technology
-BEML joins hand with US firm Terex Corp
- The credit rating of our Company has been done by ICRA Limited and
it has assigned
IrAAA (pronounced as Issuer Rating Triple A) to our Company. This
the highest credit quality rating assigned by ICRA Limited, which
means our Company
carries the lowest credit risk.
- Formation of Joint Venture Company in the name and style of BEML
on April 18, 2007 under the registration no.
Midwest Granite Private Limited.
- A consortium of BEML Ltd, Mitsubishi and Rotem has formally got the
Delhi Metro Rail Corporation's order worth Rs 1,144 crore for metro
- BEML Ltd has set up a subsidiary in Brazil for sourcing and
assembling of mining and construction equipment to cater to the
growing Latin American markets.
-Company name has been changed from Bharat Earth Movers Ltd to BEML
-BEML joins hand with NTPC for mining tools
-BEML Ltd has appointed Shri. P Dwarakanath, as Director of the
Company effective March 01, 2008.
- BEML Ltd has informed that the Government of India has appointed
Shri. M Pitchlah as Director (Finance) on the Board of the Company.
He took charge on July 14, 2008.
-BEML Ltd has informed that Sri. S Ramesh, DGM (CS) holding charge of
the post of Company Secretary from September 01, 2008 consequent upon
superannuation of Sri. K C Medapa, has been appointed as Company
Secretary of the Company by the Board of Directors at their meeting
held on September 18, 2008.
- Beml Limited has informed that The Government vide letter
No.8(5)/2008-D(BEML), dt. 07.07.2009 have appointed the following
Non-official Part-time Directors on the Board of BEML Limited: (1)
Lt.Gen (Retd.) S. Pattabhiraman, Ex-Vice Chief of Army Staff. (2)
Shri M.B.N. Rao, Ex-CMD, Canara Bank. (3) Shri J.P. Batra,
Ex-Chairman, Railway Board. (4) Shri J.P. Singh, former Secretary to
the Government of India.
-BEML bags new coaches order from DMRC
-BEML & Kamaz Vectra signs MoA to develop Commercial Vehicles
-BEML donates Rs. 5.00 Crore for Construction of Houses in Karnataka
Flood Hit Areas.
-BEML - BEML Inaugurates Manufacturing Complex at Palakkad, Kerala
-BEML Signs MoU with Govt. of Karnataka to establish yet another
manufacturing complex in Bangalore
-BEML joins hands with MECL
-BEML Signs Business Agreement with Russian Company
-BEML enters into Dredging Business - Signs Technical Tie-Up with
VOSTA LMG, Netherland
-BEML Ltd. has received order worth Rs 230 crore from Central
Coalfields Ltd. and Northern Coalfields Ltd.
-Bharat Earth Movers Limited (BEML) has won Jaipur Metro order worth
Rs 318 crore
-BEML Bags Over Rs.500 Crores worth orders from Saudi Arabia & Indian
-BEML to set up Aerospace manufacturing complex at SEZ Park,
-The Company have recommended Dividend @ Rs. 2.50/- per share (25%)
for the year 2012-13.
-BEML bags Rs 747 cr order from Delhi Metro
-BEML wins Safety Award from Govt. of Kerala
-Export Excellence Award for the year 2012-13 for BEML
-BEML manufactured Jaipur Metro Cars flagged off
-BEML rolls out 136th Metro Car to Delhi Metro RS6 Project
-BEML exhibits its prowess at IME-2014
-BEML rolls out 50th Metro Train set to BMRCL 'NAMMA METRO'
-BEML launches ‘Swachh Bharat’ Campaign
-BEML Bags Rs.570 Crore Order from DMRC
-BEML Observes 'Vigilance Awareness Week
-BEML Gets 'India's Top Challenger Company' Award
-BEML joins Swachh Bharat Campaign