BEML Limited has achieved an impressive ‘Excellent’ rating with a score of 90.50 out of 100 under the Memorandum of Understanding (MoU) for the fiscal year 2023-24. This recognition from the Department of Public Enterprises (DPE) highlights BEML’s stellar performance across various organizational metrics, including production value, overseas income, EBITDA as a percentage of revenue, return on capital employed, and asset turnover ratio. The company also demonstrated effective procurement and invoice management through GeM, along with excellence in trade receivables management and health and safety initiatives.
Moreover, BEML’s strong governance practices are reflected in its substantial shareholder returns, effective board composition, and transparency in related party transactions. The company has displayed remarkable financial strength, marked by a historic dividend payout exceeding 200%, reaffirming its commitment to stakeholder value. BEML’s accomplishments, such as delivering India’s first Vande Bharat Sleeper Trainset and developing the country’s first Electric Rope Shovel, underscore its pivotal role in advancing India’s self-reliance and technological innovation.
