Formation of BEML subsidiary gets DIPAM, NITI Aayog nod

14 Jun 2021 CW Team

Bharat Earth Movers Limited (BEML) told the media that the Department of Investment and Public Asset Management (DIPAM) and National Institution for Transforming India (NITI Aayog) have approved the proposal to form a wholly-owned subsidiary of BEML to demerger excess land and assets.

BEML, a Defence Public Sector Undertaking(PSU) in Bengaluru cited in a regulatory filing that the Ministry of Defence revealed about DIPAM and NITI Aayog's approval for the proposal of a wholly-owned subsidiary of BEML for the demerger of surplus land and asset as part of its strategic disinvestment process undertaken by the Government of India.

BEML is a PSU under the Ministry of India that manufactures rail coaches, spare parts, and mining equipment in Bengaluru. The company was founded in May 1964.

It has partially disinvested, with the government now possessing 54% equity and the public, financial institutions, foreign institutional investors, banks, and employees owning the remaining 46%.

BEML provides services to the country's most important industries, including defence, rail, power, mining, and infrastructure.

Image Source

Also read: BEML launches mechanical minefield marking equipment MK-II

Also read: BEML CMD Rajasekhar: Five factors that will boost demand for CE

Infrastructure Energy

23 Oct 2025

GAIL to Set Up Bengaluru CBG Plant Under New Concession Pact

GAIL (India) Limited has signed a 20-year concession agreement with the Bengaluru City Municipal Corporation (BBMP) to set up a compressed biogas (CBG) plant in the city. The project, expected to produce around 10 tonnes of CBG daily, will utilise municipal solid waste as feedstock, contributing to clean energy generation and efficient waste management. The CBG produced will be used in GAIL’s City Gas Distribution network to promote cleaner fuel usage. The initiative aligns with the government’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme and GAIL’s broader ..

Uttarakhand HC Lifts 31-Year Ban on ONGC’s Contractual Hiring

The Uttarakhand High Court has lifted a 31-year-old ban on the Oil and Natural Gas Corporation (ONGC) from hiring contractual workers, a restriction imposed in 1993. The decision enables ONGC’s Dehradun establishment to employ personnel on a contractual basis to meet operational requirements. The long-standing prohibition had limited ONGC’s ability to fill vacancies in its technical and administrative departments, often leading to project delays and higher dependence on outsourcing. With the court’s directive, the public sector enterprise can now proceed with temporary recruitments whil..

JSW Energy’s Utkal Unit Bags 400 MW, 25-Year Power Supply Deal

JSW Energy Limited announced that its subsidiary, JSW Energy (Utkal) Limited, has secured a Letter of Award (LoA) from Karnataka’s Power Company of Karnataka Limited (PCKL) for the supply of 400 MW of electricity for 25 years. The agreement is part of a competitive bidding process for long-term procurement of power to meet the state’s growing energy demand. The 400 MW capacity will be supplied from JSW Energy’s upcoming thermal power project in Odisha. This development strengthens JSW Energy’s presence in the southern market and aligns with its strategy to enhance long-term contracte..