BEML aims at Rs 2k cr business from mining

Speaking to Deccan Herald BEML CMD V RS Natarajan on the sidelines of EXCON-2011, where the company launched a new Hydraulic Excavator deployable in both Rail & Road construction activities, said “We have a strong order book of Rs 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.”

BEML is also looking at revenue of Rs 1,500 crore from the railway business and another Rs 1,000 crore from the defence segment. The company recently secured an order worth Rs 1,400 crore from the Army for supply of 204 units of Armoured Recovery Vehicles (ARVs) based on T72 tanks.

It also received an order for supply of 135 intermediate metro coaches from Delhi Metro and hoping to secure an order worth Rs 300 crore from Jaipur Metro for supply of 40 coaches. For Bangalore Metro, the company is set to deliver 150 coaches and expects to supply another 90 coaches in the second phase.