BEML Ltd., a leading manufacturer of heavy equipment and machinery, is targeting to generate nearly 65% of its revenue from sunrise sectors such as defence, aerospace, and metro rail in the next two years. According to M.V. Rajasekhar, Chairman and Managing Director of BEML, “We are focusing on sunrise sectors such as defence, aerospace, and metro rail, which are expected to drive growth in the coming years. We aim to generate nearly 65% of our revenue from these sectors in the next two years.”
BEML has been diversifying its product portfolio to reduce its dependence on the mining and construction sectors, which have been facing challenges in recent years. The company has been investing heavily in research and development to develop new products and technologies for the sunrise sectors.
In the defence sector, BEML is expecting significant orders for its products such as high-mobility vehicles, bridge laying tanks, and recovery vehicles. The company is also expecting orders for its metro rail products such as metro cars, propulsion systems, and signalling systems.
In the aerospace sector, BEML is partnering with global companies to develop products such as aircraft components, satellite components, and rocket components. The company is also investing in research and development to develop new products and technologies for the aerospace sector.
BEML’s revenue from sunrise sectors has been increasing steadily over the years. In the current fiscal, the company expects to generate around 45% of its revenue from these sectors. With the company’s focus on diversification and investment in research and development, BEML is confident of achieving its target of generating nearly 65% of its revenue from sunrise sectors in the next two years.
Established in 1964, the company is a key player in the manufacturing of heavy earthmoving equipment, defense products, and railway systems. With a strong focus on indigenization, BEML produces a wide range of machinery for sectors such as mining, construction, aerospace, and railways, catering to both domestic and international markets.
The company is recognized for its commitment to innovation, quality, and reliability, contributing significantly to India’s self-reliance in critical sectors. BEML also actively supports the government’s “Make in India” initiative, with over 90% indigenization in many of its mining products, while exploring export opportunities in regions like Africa, Southeast Asia, and CIS countries.
