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BEML Ltd. Wins Prestigious Golden Peacock HR Excellence Award 2024

Newsmantra — Mon, 10 Feb 2025 05:43:43 +0000

BEML Ltd. has been conferred with the prestigious Golden Peacock HR Excellence Award in the Engineering category at the Golden Peacock Awards 2024, recognizing its outstanding Human Resource Management practices and visionary leadership. This accolade underscores BEML’s commitment to fostering a high-performance, people-centric organization under the dynamic leadership of Shri Shantanu Roy, CMD, BEML Ltd.

The award was presented to Shri Debi Prasad Satpathy, Director (HR), and the senior HR leadership team of BEML Ltd. by Hon’ble MP Shri Anurag Thakur at a distinguished ceremony hosted by the Institute of Directors at Taj Lands End, Mumbai.

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BEML Ltd achieved ‘Excellent’ rating in MoU 2023-24

Newsmantra — Mon, 20 Jan 2025 06:14:20 +0000

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.

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BEML Ltd & PFC Ltd signs landmark MoU to bolster collaboration in Rail Infrastructure & Defence Sectors

Newsmantra — Mon, 21 Oct 2024 05:31:14 +0000

In a significant step towards accelerating national infrastructure and defence capabilities, BEML Limited and Power Finance Corporation (PFC) Limited, have entered into a strategic Memorandum of Understanding (MoU) on 18 th October 2024 at New Delhi, which is aimed at intensifying cooperation in financing and executing critical infrastructure projects, particularly in the areas of defence, rail transportation and infrastructure development.

The MoU was signed in the presence of Shri Shantanu Roy, Chairman Managing Director (CMD) of BEML Ltd, and Smt. Parminder Chopra, CMD of PFC, in the presence of other senior officials from both companies, including Shri Anil Jerath, Director (Finance) of BEML, and PFC representatives Shri Rajiv Ranjan Jha, Director (Projects), Shri Manoj Sharma, Director (Commercial), and Shri Sandeep Kumar, Director (Finance). Speaking at the signing event, Shri Shantanu Roy, CMD of BEML Ltd, emphasized the importance of this MoU, stating, This partnership between BEML and PFC is a significant step forward in supporting India infrastructure and defence sectors.

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