Bharat Earth Movers Limited (BEML), a leading public sector company in India, has set an ambitious goal of achieving an order book worth ₹13,000 crore for the financial year 2020 (FY20). Deepak Kumar Hota, the Chairman and Managing Director (CMD) of BEML, shared this target as the company focuses on strengthening its presence in the defence, mining, and railway sectors.
With increasing demand for heavy equipment and defence-related products, BEML is optimistic about securing major government and private sector contracts. The company’s strategy includes expanding its product line, enhancing manufacturing capabilities, and leveraging technological advancements to stay competitive.
Strong Performance Across Key Sectors
BEML operates in three major sectors—defence, mining & construction, and rail & metro. Each of these segments plays a crucial role in the company’s growth strategy.
1. Defence Sector
BEML has been actively contributing to India’s defence sector by supplying military-grade equipment, including high-mobility vehicles, recovery vehicles, and other critical defence machinery. The company expects a significant portion of its ₹13,000 crore order book to come from defence contracts. With the government’s push for “Atmanirbhar Bharat” (self-reliant India) in defence production, BEML is well-positioned to benefit from increased indigenization efforts.
2. Mining and Construction Equipment
The mining and construction segment remains one of BEML’s strongest revenue generators. With India’s growing infrastructure and mining projects, the company is witnessing a surge in demand for its products, such as excavators, bulldozers, and dump trucks. Recent government policies promoting the mining sector have further boosted BEML’s prospects.
3. Rail and Metro
BEML plays a crucial role in India’s railway and metro expansion projects. The company manufactures coaches for metro rail systems in major cities like Delhi, Mumbai, Bengaluru, and Kolkata. With rapid urbanization and increasing investments in metro rail infrastructure, BEML is set to secure more contracts in this domain.
Expansion and Modernization Plans
To achieve its ambitious ₹13,000 crore order book target, BEML is investing in modernization and expansion. The company is upgrading its manufacturing facilities and adopting advanced technologies to improve production efficiency. These initiatives are expected to enhance product quality, reduce costs, and strengthen BEML’s competitive position in both domestic and international markets.
Additionally, BEML is exploring new markets outside India. The company has been actively seeking export opportunities in Southeast Asia, Africa, and the Middle East, where demand for construction and defence equipment is rising.
Government Support and Policy Boosts
The Indian government has been actively supporting the growth of indigenous manufacturing companies like BEML. Policies such as “Make in India” and “Atmanirbhar Bharat” have encouraged public sector enterprises to boost domestic production and reduce dependency on imports.
BEML’s strong order pipeline is also backed by government projects in railways, mining, and defence. The company is expected to benefit from major defence procurement programs and metro rail expansion plans under government initiatives.
Future Outlook and Growth Strategy
Looking ahead, BEML is confident of achieving its ₹13,000 crore target by focusing on key growth areas, strengthening its order pipeline, and improving operational efficiency. The company is also working on research and development (R&D) to introduce innovative products that meet the evolving needs of various industries.
By leveraging its expertise in engineering and manufacturing, BEML aims to secure more government contracts while also expanding into the private sector. The company’s commitment to quality, innovation, and sustainability will play a vital role in its long-term success.
BEML’s target of achieving a ₹13,000 crore order book for FY20 reflects its strong business strategy and growth potential. With a diverse product portfolio and a robust presence in defence, mining, and railways, the company is well-positioned for future success. Backed by government initiatives and rising demand in key sectors, BEML is on track to achieve its ambitious goals and contribute to India’s industrial growth.
