BHARAT EARTH MOVERS 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).

cvo,-beml:-bhushan’s-tenure-extended

CVO, BEML: Bhushan’s tenure extended

By IndianMandarins 28 Nov 2019

The NaMo administration on Wednesday extended the tenure of Vidya Bhushan Kumar (IFoS:1987:PB), CVO of Bharat Earth Movers Ltd (BEML) for a period of 1 year beyond 31.01.2020.

Further, Bhushan was assigned the additional charge of CVO, HMT Limited (Bangalore) for a period of 1 year or till the appointment of a regular incumbent. 

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.

oleti-appointed-director-(hr)-beml

Oleti appointed Director (HR) BEML

By IndianMandarins 10 Apr 2019

Jagannath Oleti  was on Tuesday appointed to the post of Director (Human Resource), Bharat Earth Movers Limited (BEML) under the Department of Defence Production for a period ending 31 January 2022 i.e. till his retirement. Presently, he serves as GM & Head- Human Resource and Organisational Excellence in Larsen & Tubro.

rajasekhar-appointed-dir-(m&cb)-beml

Rajasekhar appointed Dir (M&CB) BEML

By IndianMandarins 13 Feb 2019

Based on the recommendation of PESB the Appointment Committee of the Cabinet, on Tuesday, cleared the appointment of M V Rajasekhar (ED, BEML) to the post of Director (Mining and Construction Business) Bharat Earth Movers Limited. 

06-non-official-independent-directors-in-05-cpses

06 Non-official Independent Directors in 05 CPSEs

By IndianMandarins 01 Aug 2018

The NaMo administration on Wednesday announced the appointment of six Non-Official Independent Directors on the Board of five Central PSUs as follows;

 

  • Kumar Manglam Birla and Y C Deveshwar- Air India Ltd
  • Shyamvir Saini- National Seeds Corporation Limited
  • Gurmohinder Singh- Bharat Earth Movers Limited
  • Arun Tandon- Balmer Lawrie & Co Ltd
  • Tapan Kumar Mandal- Kolkata Metro Rail Corporation Limited

vastrad-selected-for-directorial-position-in-beml

Vastrad selected for Directorial position in BEML

By IndianMandarins 26 Jul 2018

The Public-sector headhunter (PESB) on Thursday selected Suresh Shivayya Vastrad (ED, BEML) for the post of Director (Rail & Metro Business) in Bharat Earth Movers Limited; a post which is lying vacant for couple of months. Altogether ten candidates had appeared for selection interview.

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