Report of Beml

Topics: Strategic business unit, Present, Time Pages: 2 (488 words) Published: December 13, 2012
The purpose of MBA is not only the theoretical learning inside the classrooms or just completes the syllabus but its sole objective to have practical edge with all basics management aspects. Nowadays, industrial interaction is very important as far as the practical knowledge is concerned and it is prime requirement of the time to have practical insight of the present corporate world and its working. With the belief of excellence through every means to educate, students of MP Birla Institute of Management have been visited one of the renowned industries namely BEML (Bharat Earth Movers Limited) on 29th Nov. 2012. It was really a wonderful experience to visit BEML, which was established in May 1964 as a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex. The Company has partially disinvested and presently Government of India owns 54 percent of total equity and rest 46 percent is held by Public, Financial Institutions, Foreign Institutional Investors, Banks and Employees. BEML Limited, a ‘Miniratna-Category-1’, plays a pivotal role and serves India’s core sectors like Defence, Rail, Power, Mining and Infrastructure. The Company started with a modest turnover of Rs.5 Cr during 1965 and today, thanks to its diverse business portfolio, the company has been able to achieve a turnover of more thanRs.3, 500 Cr. The company has a dedicated R&D infrastructure and team in line with consistent policy of the company to meet the technological demands through in-house R&D and strategic technical tie-ups with global players. The company operates under three major Business verticals - viz. Mining & Construction, Defence and Rail & Metro. There are three Strategic Business Units (SBUs) of BEML: •Technology Division for providing end-to-end engineering solutions •Trading Division for dealing in non-company products

International Business Division for export activities
The Company has drawn up VISION –...
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