Organization Study @ Beml (Internship Report)
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BEML Limited (formerly Bharat Earth Movers Limited) 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.
During the financial year 2008-09, BEML achieved a sales turnover of INR 3013 crores and a pre tax profit of INR 387 crores. The export earnings touched INR 304 crores.
BEML Limited (BEML) conferred with Mini-Ratna Category-1 Status and under the administrative control of Ministry of Defense, is a multi-technology company offering high-quality products for diverse sectors of economy such as coal, mining, steel, limestone, power, irrigation, construction, road building, aviation, defense, metro and railways. BEML is ranked as "The Largest and Most Profitable Construction Equipment Company" by Construction World - NICMAR, 2007. It has emerged in the forefront of heavy engineering industry with a track record of growth and revenues for over four decades. For its innovative management practices the company has been awarded the "Golden Peacock Innovation Management Award". BEML has also been rated as "The Fourth Largest Wealth Creator in the Country" by Dalal Street Magazine. In keeping with the global technology trends, the company is setting up R&D Centre of Excellence for Research in Metro Rail System in Bangalore.
The Company has achieved the following landmarks during the year 2008-09:
(1) BEML had laid foundation stone for BEML's Green Field Project - 'Palakkad Manufacturing Complex' at KINFRA Industrial Site, Kanjikode, Palakkad, Kerala for manufacture of components and aggregates for Defence and Rail Products, which is expected to become operational by end of current fiscal. (2) BEML had launched Aero Space Manufacturing Division for
BEML Limited (formerly Bharat Earth Movers Limited) 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.
During the financial year 2008-09, BEML achieved a sales turnover of INR 3013 crores and a pre tax profit of INR 387 crores. The export earnings touched INR 304 crores.
BEML Limited (BEML) conferred with Mini-Ratna Category-1 Status and under the administrative control of Ministry of Defense, is a multi-technology company offering high-quality products for diverse sectors of economy such as coal, mining, steel, limestone, power, irrigation, construction, road building, aviation, defense, metro and railways. BEML is ranked as "The Largest and Most Profitable Construction Equipment Company" by Construction World - NICMAR, 2007. It has emerged in the forefront of heavy engineering industry with a track record of growth and revenues for over four decades. For its innovative management practices the company has been awarded the "Golden Peacock Innovation Management Award". BEML has also been rated as "The Fourth Largest Wealth Creator in the Country" by Dalal Street Magazine. In keeping with the global technology trends, the company is setting up R&D Centre of Excellence for Research in Metro Rail System in Bangalore.
The Company has achieved the following landmarks during the year 2008-09:
(1) BEML had laid foundation stone for BEML's Green Field Project - 'Palakkad Manufacturing Complex' at KINFRA Industrial Site, Kanjikode, Palakkad, Kerala for manufacture of components and aggregates for Defence and Rail Products, which is expected to become operational by end of current fiscal. (2) BEML had launched Aero Space Manufacturing Division for