New Delhi: PSU giant BEML plans to manufacture and export Vande Bharat chair and sleeper train sets abroad with an eye on markets in the Middle East, South America and the ASEAN region. As part of the Make in India initiative, BEML will make the rollout of the Vande Bharat train its priority,
The PSU company reorganised its business into 10 units headed by a CEO each. These include:
Mining and construction
Defence
Rail and metro
BEML’s export plans
BEML plans to focus on exports, the ET reported, citing BEML MD Shantanu Roy. The company plans to expand earnings to 10 per cent of its revenues from 4 per cent at present, said Roy. BEML’s Q1 net loss was down to Rs 70 crore, indicating a 10 per cent earnings growth.
BEML share price history
BEML’s shares closed 6.18 per cent lower at Rs 3,807 apiece on Tuesday.
BEML’s share price was down 3.33 per cent in the past 5 days
It was down 23.94 per cent in the past month
BEML’s share price jumped 37.37 per cent in the past 6 months
BEML’s share price rose 96.90 per cent in the past year
PSU manufacturing giant BEML shared plans of exporting Vande Bharat train sets in key markets. The company aims to expand its revenue from exports in the near future. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
