BEML LIMITED

beml:-srivastav-appointed-as-director,-defence-business

BEML: Srivastav appointed as Director, Defence Business

Ajit Kumar Srivastav (CGM, BEML) has been appointed to the post of Director, Defence Business at Bharat Earth Movers Limited  for a period of five years, i.e, up to 28th February 2022. He may take over on 01.06.2020. 

05 Mar 2020
disinvestment-of-beml:-govt-initiates-process

Disinvestment of BEML: Govt initiates process

The government is likely to sell its 28 per cent stake in Bharat Earth Movers Limited (BEML) through strategic disinvestment to retain 26 per cent after dilution of its shareholding in the public sector undertaking. The government holds 54.03 per cent stake in BEML.

BEML, a mining equipment maker, has diversified into manufacturing of rail coaches and defence production that already accounts for almost half of its current topline.

Cabinet Committee on Economic Affairs (CCEA) in October, 2016 had given an in-principal approval for strategic disinvestment of 26 per cent equity shares in BEML. Sources said that the government will divest 28 per cent of its stake in the company through strategic disinvestment and there is no plan to demerge the business verticals.

The government has set an all-time high disinvestment target of Rs 1.05 lakh crore, up from Rs 90,000 crore projected in the Interim Budget 2019-20 in February. In 2018-19, the Centre raised Rs 84,972 crore from CPSE disinvestment, while in 2017-18, the figure was Rs 1, 00,056 crore.

CCEA has recently approved strategic disinvestment of its equity shares in five PSUs – BPCL, Shipping Corporation of India (SCI), Container Corporation of India (CONCOR), Tehri Hydro Development Corporation (THDC) and North Eastern Electric Power Corporation (NEEPCO).

16 Dec 2019
beml:-srivastav-appointed-as-director,-defence-business

BEML: Srivastav appointed as Director, Defence Business

By IndianMandarins 05 Mar 2020

Ajit Kumar Srivastav (CGM, BEML) has been appointed to the post of Director, Defence Business at Bharat Earth Movers Limited  for a period of five years, i.e, up to 28th February 2022. He may take over on 01.06.2020. 

disinvestment-of-beml:-govt-initiates-process

Disinvestment of BEML: Govt initiates process

By IndianMandarins 16 Dec 2019

The government is likely to sell its 28 per cent stake in Bharat Earth Movers Limited (BEML) through strategic disinvestment to retain 26 per cent after dilution of its shareholding in the public sector undertaking. The government holds 54.03 per cent stake in BEML.

BEML, a mining equipment maker, has diversified into manufacturing of rail coaches and defence production that already accounts for almost half of its current topline.

Cabinet Committee on Economic Affairs (CCEA) in October, 2016 had given an in-principal approval for strategic disinvestment of 26 per cent equity shares in BEML. Sources said that the government will divest 28 per cent of its stake in the company through strategic disinvestment and there is no plan to demerge the business verticals.

The government has set an all-time high disinvestment target of Rs 1.05 lakh crore, up from Rs 90,000 crore projected in the Interim Budget 2019-20 in February. In 2018-19, the Centre raised Rs 84,972 crore from CPSE disinvestment, while in 2017-18, the figure was Rs 1, 00,056 crore.

CCEA has recently approved strategic disinvestment of its equity shares in five PSUs – BPCL, Shipping Corporation of India (SCI), Container Corporation of India (CONCOR), Tehri Hydro Development Corporation (THDC) and North Eastern Electric Power Corporation (NEEPCO).

beml:-selvam-appointed-as-director,-hr

BEML: Selvam appointed as Director, HR

By IndianMandarins 27 Nov 2019

The NaMo administration on Tuesday cleared the appointment of Panneer Selvam R (ED, BEML Ltd) to the post of Director (Human Resources), Bharat Earth Movers Limited (BEML Ltd) till the date of his superannuation i.e. 31.10.2020.

beml:-srivastava-selected-for-director-post

BEML: Srivastava selected for Director post

By IndianMandarins 13 Nov 2019

The Public-sector headhunter on Wednesday selected Ajit Kumar Srivastav (CGM, BEML Limited) for the post of Director (Defence Business), BEML Limited.

Subject to requisite clearances and ACC approval Srivastav will replace R H Muralidhara retiring May next year. 

rajasekhar-selected-for-director-(m&cb)-beml

Rajasekhar selected for Director (M&CB) BEML

By IndianMandarins 20 Sep 2018

The public sector headhunter on Thursday selected M V Rajasekhar (Chief General Manager, BEML Limited) for the post of Director (Mining & Construction Business), BEML Limited.

Altogether Eight candidates appeared before selection board (PESB) for interview namely:

B Shankar, Executive Director, BEML Limited; P Sivakkumar, Chief General Manager, BEML Limited;Radhakrishna K R, Chief General Manager, BEML Limited; Sreenivasulu Reddy Singaiahgari, Chief General Manager, BEML Limited; Umashankar, Chief General Manager, BEML Limited; P Raguraman, General Manager, Bharat Heavy Electricals Limited (BHEL); MangalaPrasad, Chief Mechanical Engineer, Indian Railways Service of Mechanical Engineers.

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