A view from BEML Ltd, near Palakkad in Kerala. Mini-Ratna category-1 company under the Ministry of Defence first phase of the Kanjikode complex was set up at a cost of Rs.260 crore. It has been built on 375 acres handed over to the company by the State government out of 1,000 acres promised. The construction was completed in 15 months. the new complex of the BEML at Palakkad would be a dedicated centre for the manufacture of Defence equipment besides parts and accessories of rail and metro cars. Rail coach assemblies such as bogie frames, side walls, end walls, LHB aggregates and other rail parts and spares will also be manufactured at Kanjikode.Digital Picture ByK_K_Mustafah.18/05/2010 | Photo Credit: K_K_Mustafah
BEML Limited, a defence public sector undertaking, has approved the appointment of M/s Deloitte Haskins & Sells LPP, as consultant for advising, undertaking and implementing demerger of non-core assets of the company.
In a regulatory filing to exchanges, the company said the decision to this effect was taken at the company’s Board in its 371st meeting held on March 5. BEML’s disinvestment process has been undertaken by the Government of India.
Published on March 5, 2021
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