Business Standard reported that defence PSU BEML Limited is eyeing a growth of 23% in its turnover, at INR 5,000 crore during the present financial year (2012-13). The company achieved a turnover of INR 4,077 crore during year-ended March 31, 2012.

Mr VRS Natarajan CMD of BEML said that the growth in turnover would come from mining and construction, rail and metro, defence and new areas like aerospace and dredging businesses.

He told reporters that “We will meet the INR 5,000 crore turnover target two years ahead of target. As per our Corporate Plan-1, we had targeted a business of INR 5,000 crore in 2014-15. Presently, we have an order book of INR 7,066 crore, of which the executable orders are worth INR 3,767 crore. The balance orders will be executed over the next year.”

He said the company has approved the Corporate Plan 2 prepared by the Indian Institute of Management, Bangalore recently. As per the plan, the company aims to achieve a turnover of INR 10,000 crore over the next six years by 2018-19.

Mr Natarajan said that “The business prospects of mining and construction, and rail and metro depicts a great promising future and even in defence, large projects including wheeled guns, tracked guns, BMP-II among others in addition to aeros-pace will help us cross INR 1,000 crore billing in the current year. We expect to reach around INR 2,000 crore or more during the Corporate Plan-2 ending 2018-19.”

In an effort to meet the future demand from aerospace and, rail and metro sectors, the company has expanded its manufacturing capacities at all its plants. It has set up a new hangar facility at Palakkad in Kerala at an investment of INR 160 crore in a record five and a half months. It is presently in the process of setting up a new aerospace manufacturing plant at Devanahalli near Bangalore International Airport at an investment of INR 455 crore, which will be completed in the next 3 to 4 months.

He said that the second unit of rail coach in Kolar Gold Fields has started production with a target to produce 280 to 300 coaches per annum. In the next two to three years, the rail and metro business will be about INR 3,000 crore.

Source - Business Standard

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