BEML Limited bags prestigious achievement
New Delhi: The 'Schedule 'A' Defence PSU, BEML Limited has been entitled with an ‘Excellent’ rating with an impressive score of 90.50 out of 100 under the Memorandum of Understanding (MoU) for the fiscal year 2023-24, according to the government sources.
This notable achievement highlights the visionary leadership of Shantanu Roy, Chairman and Managing Director of BEML, and underscores the company's unwavering dedication to excellence. The Department of Public Enterprises (DPE) has acknowledged BEML’s outstanding performance across various organizational metrics.
These metrics include production value, international revenue, EBITDA as a percentage of revenue, return on capital employed, asset turnover ratio, and efficient procurement and invoicing through GeM. Additionally, BEML excelled in managing trade receivables, procurement from MSEs, and health and safety initiatives, further boosting its operational efficiency. The rating also emphasizes BEML’s robust governance practices, such as significant shareholder returns, effective board composition, and transparency in related party transactions.
BEML’s exceptional financial performance, highlighted by a historic dividend payout exceeding 200%, demonstrates its commitment to delivering value to its stakeholders. The company’s ongoing progress in exports and innovative product development reinforces its position as a key player in India’s self-reliance and technological advancement.
BEML has reached significant milestones that emphasize its crucial role in nation-building. These milestones include the delivery of India’s first Vande Bharat Sleeper Trainset, the successful test-firing of the 1500 HP engine for Main Battle Tanks, the development of India’s first Electric Rope Shovel, and substantial progress on the country’s first High-Speed Bullet Train project.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : The Future of Programmers in the AI Era: Evolution, Challenges, and Opportunities