Bharat Earth Movers (BEML) has identified rail, metro, and defence as pivotal growth sectors. The public sector undertaking (PSU) specialisng in heavy equipment manufacturing anticipates these segments will collectively generate 60-65 percent of the company’s revenue within the next two years.

“In the long run, rail, metro, and defence will drive the company’s growth, while mining will continue to provide a stable baseline,” as stated by Chairman and Managing Director (CMD), Shantanu Roy. To support this growth trajectory, BEML plans to boost investment in human resources, infrastructure, and capital expenditure. The PSU’s current order book stands at Rs 12,000 crore, with a target to raise it to Rs 8,000 crore by the end of FY25.

Besides, the company is also pursuing opportunities in exports, focusing on metro systems, rolling stock, and mining equipment.  

BEML secured a contract from the Integral Coach Factory (ICF) to design and manufacture two indigenous bullet trains. It also inked a memorandum of understanding (MoU) with the Indian Navy to develop advanced marine defence applications and won contracts to deliver 70 driverless trains for Chennai Metro.