BS reported that BEML Limited looking at a turnover of INR 2,000 crore from the mining and construction equipment business during the current fiscal (2011-12), a growth of 25% over last fiscal.

Mr VRS Natarajan CMD of BEML told Business Standard that “We have a strong order book of INR 6,000 crore on hand and we have just enhanced our product portfolio with the launch of Rail-Road Excavator among others. We have a strong enquiry from the Indian railway contractors and road developers for this product.”

The INR 3,500 crore BEML has three main business units such as mining and construction, defence, rail and metro. It has recently forayed into aerospace components business. It manufactures dozers, excavators, dumpers, pipe layers, walking draglines among others in the mining and construction business segment.

BEML is also looking at revenue of INR 1,500 crore from the railway business and another INR 1,000 crore from the defence segment. The company recently secured an order worth INR 1,400 crore from the Army for supply of 204 units of Armoured Recovery Vehicles based on T72 tanks. It also received an order for supply of 135 intermediate metro coaches from Delhi Metro Rail Corporation Limited recently.

Mr Natarajan said that “We are in an advanced stage of securing an order worth INR 300 crore from Jaipur Metro for supply of 40 coaches on standard gauge platform. This order will be increased to 100 units going forward worth INR 600 crore. He said the company is also in the process of supplying intermediate cars to Delhi Metro.

(Sourced from BS)