BEML Ltd was recently in the news for rolling out the 50th metro train set of Bangalore Metro Rail Corporation. Indeed, the public-sector enterprise has supplied over 700 metro cars so far to Delhi Metro, Bangalore Metro and Jaipur Metro. With the lifting of the ban on mining in Karnataka, BEML has managed to post a strong performance in its bottomline. Efficient use of raw material was a major positive.
¨Our growth mantras have been to continuously upgrade existing products, and control cost and expenditure,¨ says P Dwarakanath, Chairman & Managing Director, BEML Ltd. ¨The key growth factor is financial discipline and effective inventory management.¨
He is confident that this year will open up new opportunities in infrastructure, mining, metro and defence. ¨We are gearing up to produce and service equipment in line with global standards with respect to technology, customer satisfaction and quality,¨ he adds. BEML seems set to benefit from the new government´s expected change in policy on defence and focus on infrastructure, which will increase efficiency and encourage the domestic industry to have a larger share in design and production of defence and construction equipment.