Bharat Earth Movers Limited (BEML) is an Indian Public Sector Undertaking, with headquarters in Bangalore. It manufactures a variety of heavy equipment, such as that used for earth moving, transportation and mining. A Public Sector Undertaking is a corporation in the Public sector in India. ... Bangalore (proposed to be renamed Bengalooru or Bengaluru) (Kannada: ; pronunciation: in Kannada and in English) is the capital of the Indian state of Karnataka. ...
BEML incorporated in May of 1964, and commenced operations on January 1, 1965. It was wholly owned and operated by India's Ministry of Defense until 1992, when the government divested 25% of its holdings in the company. BEML is Asia's second-largest manufacturer of earth moving equipment, and it controls 70% of India's market in that sector. Its stock trades on the National Stock Exchange of India under the symbol "BEML", and on the Bombay Stock Exchange under the code "500048". January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ... 1965 (MCMLXV) was a common year starting on Friday (the link is to a full 1965 calendar). ... The National Stock Exchange of India (NSE), is one of the largest and most advanced stock markets in India. ... The Bombay Stock Exchange The Bombay Stock Exchange Limited (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. ...
BEML has manufacturing plants in Kolar Gold Fields and Mysore. It has numerous regional offices throughout the country.
BEML hopes to hit the market by March 2007 and mobilise around Rs 400 crore from the offering, chairman-cum-managing director V R S Natarajan told reporters here today.
BEML also plans to acquire a Brazilian company "CCC" specialising in manufacturing of rail wagons and mining equipment with Rs 100 crore investment, Mr Natarajan said.
BEML is also forming a joint venture with an Indian and Indonesian company for contract mining.
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