State-owned heavy equipment maker BEML Ltd. witnesses more than 18% climb in fourth-quarter profit as easing input costs offset a drop in revenue. The consolidated profit rose to 1.58 billion rupees ($19.12 million) for the three months ended March 31, from 1.33 billion rupees a year earlier. Net profit margin for the quarter expanded to…
Shantanu Roy has been recommended as the next Chairman and Managing Director (CMD) of BEML Limited, a Miniratna Defence Public Sector Undertaking (DPSU), under the Ministry of Defence. The Public Enterprises Selection Board (PESB) panel selected him for the position from a list of three candidates, all of whom were from BEML Limited. Roy is…
The Indian Government is most likely to soon invite financial bids for strategic sale of Defence Public Sector Unit (DPSU) BEML after its non-core business got listed on the bourses last month. Earlier, in January 2021, the Government invited preliminary bids for selling 26 percent stake in BEML along with the management control. It received…
