BEML

About Beml

Bharat Earth Movers Limited now known as BEML is an Indian Public Sector Undertaking, with headquarters in Bangalore. It manufactures a variety of heavy equipment, such as that used for earth moving, transport and mining. BEML incorporated in May 1964, and commenced operations on 1 January 1965. It was wholly owned and operated by India's Ministry of Defense until 1992, when the government divested 25% of its holdings in the company. BEML is Asia's second-largest manufacturer of earth moving equipment, and it controls 70% of India's market in that sector. Its stock trades on the National Stock Exchange of India under the symbol "BEML", and on the Bombay Stock Exchange under the code "500048". The company went for Follow On Public offer (FPO) and fixed the price band for its FPO between Rs.1,020 and Rs.1,090. BEML has manufacturing plants in Kolar Gold Fields, Bangalore and Mysore. It has numerous regional offices throughout the country. KGF unit is the main unit accounting for the...