What is the full form of BEML?

Introduction

BEML- Bharat Earth Movers Limited was founded in Bengaluru in 1964 and initially produced mining equipment, rail carriages, and spare parts. The company, which employs many technologies, provides high-quality products for a variety of economic sectors, including the coal industry, mining factories, steel industries, limestone, irrigation, construction, the building of roads, defence sector, and railways. Throughout the last 40 years, the company has become a leader in the heavy engineering sector and established a sizable position in the earthmoving sector.

History of BEML

Bharat Earth Movers Limited was established by the Indian government as a ‘public sector enterprise’ and placed under the supervision of the Department of Defense Production and Supply in the Ministry of Defence. According to their 1530 incorporation certificate of May 11, 1964 and the name of the company was "Bharat Earth Movers Ltd," and it was registered as a private limited business. By a resolution adopted through EGM on 2st February 1992, the company was transformed into a public enterprise through a statement with the Registrars of Companies.

In addition to Kolar Gold Fields (KGF), BEML also has manufacturing facilities in Bangalore, Mysore, and Palakkad. The enterprise has many regional offices spread out over the nation. The primary unit which is responsible for producing and assembling varieties of earth-moving machinery, like bulldozers and excavators, is the KGF. The company in Bengaluru produces rail coaches, and the company in Mysore produces dump trucks and engines of different sizes. Rajnath Singh, Defense Minister Rajnath of India, opened the Industrial Design Centre (IDC) at the Bengaluru campus of BEML on August 10, 2020 with the goal of production and R& D.

The first fully integrated, ‘all-steel rail coach factory’ was built by the Indian government in Bangalore in 1948 and is owned by BEML Ltd. This factory also produced domestic rail coaches to be used by passengers, for the Indian Railways. During the 1980s, BEML produced rolling stock for both Indian Railways and metros. In addition to 150 coaches on order from Bengaluru Metro, BEML also provided more than 200 coaches to the DMRC. Using technology from Hyundai ROTEM, BEML has independently provided the DMRC with 140 vehicles.

‘Road headers’ and ‘slide discharge loaders’ which are used for underground mining were recently introduced by BEML. Track-laying equipment, rail buses and overhead equipment inspection cars are all products required in the railway industry. For the transportation industry, BEML also makes hydraulic aggregates, heavy-duty trucks, and trailers.

Awards Received by BEML

Due to its tremendous work and contribution in the Indian economy throughout decades, the BEML received several prestigious awards. In 1986, BEML received the ‘National Import Substitution Award’ from the Ministry of Science Technology which is a sector under the Government of India. In 1990, BEML was awarded the Corporate Excellence Award for its extravagant work by the Department of Public Enterprise.

BEML also has a record for inclusivity. In 1997, BEML received the Best Employer Award from the Ministry of Welfare for providing employment to physically handicapped people.

In 2001, 2002, 2003 and 2004 the Department of Industry and Commerce gave BEML the awards for Best Exporter. It also received the Excellence Award in 2012-2013 following which in 2015 it bagged the Export Award. For its exponential exports the Government of India provided BEML with the Raksha Mantri Award.

Future Outlook and Challenges

In recent times, BEML is facing great competition from existing MNCs in the country. Due to this reason the BEML aims to improve the technical and other skills through proper training to its employees in all facilities, sectors and departments. Its training would consist of in-house training for managers and workers, specialised training for senior executives. It also wishes to provide the facility of e-learning and distance learning for improvement of knowledge in technical fields. It also conducts seminars from time to time to provide updates of various policies, technologies and growth strategies of BEML.

Conclusion

India’s industrial needs for mining, constructing, electricity, irrigating, fertilisers, cement, steel, and railways are met by a wide range of products produced by BEML. There are several earthmoving machineries, such as bulldozers, dumping trucks, hydraulic excavators, wheel loaders, shovels, walking draglines, motor graders, and scrapers which are produced by BEML and without which India’s economic and industrial functioning would remain stagnant. Hence, we can say that BEML is a very important enterprise in India.

FAQs

Q1. In what ways is BEML contributing to the defense sector of the country?

Ans: By providing ground support vehicles, BEML is playing a significant part in the nation's ‘Integrated Guided Missile Development Project’. In addition to this, Aero India 2009 saw the inauguration of a new aerospace division.

Q2.Name some of the productions of BEML.

Ans: Some of the products of BEML include ‘heavy duty hydraulic aggregates’ and ‘high power diesel engines’. The enterprise also contributes to other industries like lease and finance services and industries that require underground storage for petroleum products and underground mining equipment.

Q3. What is EGM?

Ans: EGM stands for Extraordinary General Meeting. It is conducted during times of emergency or urgency and is usually held on short notice. It is different from the Annual General Meeting or AGM which is usually held at a fixed schedule of the year.