New Delhi: minister of railways Ashwini Vaishnaw lays foundation stone for new project hangar Suitable for standard and wide gauge rolling stock manufacturing exist BEML in Bengaluru on Sunday. Vashno also checked vander sleeper coach He will interact with the media later in the day at the BEML main building in Thippasandra, Bengaluru. After visiting BEML, Vaishnaw will interact with the company’s trainees and staff Multidisciplinary Zonal Training Institute (MDDTI), Railway Training Centre, Bengaluru, 2 pm.
BEML Limited, originally known as Bharat Earth Movers Limited, was established in May 1964 as a public sector undertaking to manufacture railway coaches, spare parts and mining equipment at the Bengaluru complex. The company is listed on the BSE and NSE exchanges, with the Indian government holding 54.03% and the remaining 44.97% held by financial institutions, foreign institutional investors, banks, public and employees, according to its website.
BEML Limited is an “A” company under the Ministry of Finance defenseThe Government of India plays a vital role in India’s core sectors of defence, railways, power, mining and infrastructure.
“In 1965, the company’s turnover was just Rs 5 Cr and today, due to its diversified business portfolio, the company has a turnover of over Rs 4,300 Cr,” the official website said.
Recently, on August 21, BEML Ltd., a leading defense and heavy engineering manufacturer, signed a strategic memorandum of understanding (MoU) with the Indian Navy’s Directorate of Marine Engineering. this memorandum of understanding BEML Defense Minister Ajit Kumar Srivastav and Indian Navy ACOM (D&R) Rear Admiral K Srinivas signed it at the Naval Headquarters in Delhi. The signing ceremony was held in the presence of BEML Chairman and Managing Director Shantanu Roy and senior dignitaries of the Ministry of Defense.
The agreement represents a significant step towards enhanced collaboration between BEML and the Indian Navy in the indigenous design, development, manufacturing, testing and product support of critical marine equipment and systems.
The partnership is in line with the Government of India’s Aatmanirbhar Bharat initiative, which aims to enhance self-reliance in defense production and reduce dependence on foreign imports.
