BEML braces for Rs.800-cr biz avenues

Airport Infrastructure Defence Engineering

The modernization of key infrastructure is taking off at Bharat Earth Mover Limited (BEML) at faster speed and the company is waiting for opportunities in civil aviation, airport infrastructure and defence engineering with biz avenues to the tune of Rs. 800cr. The Centre's 'Make in India' initiative is showing results as revenues from the defence and aerospace verticals, which used to be around 10-11% of the company's total turnover, is likely to touch 25% this fiscal, CMD, BEML, Deepak Kumar Hota said, adding that in value terms, the company is likely to post the targeted revenues from the defence and aerospace verticals, against Rs. 300-cr a couple of years ago. After the Make in India initiative was launched, the company built a 1,200-odd supplier base, of which, nearly 20% are small and medium enterprises (SMEs). The company, which displayed its products and services at the Aero India 2017 show, got enquiries for Tatra ground support vehicles, armored recovery vehicles, BMP transmission and aircraft towing tractors. About localization or indigenization, he added that the company has achieved 90% indigenization in the manufacture of mining equipment. In rail and metro, it is around 45 -50%, in defence and aerospace, it is around 50%. In the manufacturing of Tatra trucks, it has achieved 70 -75%, he claimed.