BEML is reportedly planning to double its revenues from the defence and aerospace verticals. Revenues from the defence and aerospace verticals, which used to be around 10-11 per cent of the company’s total turnover, is likely to touch 25 per cent this fiscal. In value terms, the company is likely to garner revenue of Rs 800 crore from the defence and aerospace verticals, against Rs 300 crore a couple of years ago.
After the Make in India initiative was launched, the company built a 1,200-odd supplier base, of which nearly 20 per cent are small and medium enterprises (SMEs). Now, modernisation of key infrastructure is taking off and the company is waiting for opportunities in civil aviation, airport infrastructure and defence engineering.
BEML is a manufacturer of mining and construction equipments in India. It deals in three product segments comprising mining and construction equipments, defense products and railway & metro products.