November 20, 2008

BEML bags export orders from Tunisia and Malawi

It is reported that Heavy industrial equipment maker BEML recently has received export orders worth INR 34.50 crore from African countries.

BEML in a filing to Bombay Stock Exchange announced that the company would supply 35 equipments worth INR 21.50 crore to Tunisia and 18 equipments valuing INR 13 crore to Malawi.

BEML added that the equipment ranges from small size bull dozers to back hoes loaders, wheel loaders, hydraulic excavators.

Recently, BEML has bagged mining equipment orders from Indonesia for a value of 207 crore to increase its overseas market penetration, BEML has set up its offices in China, Malaysia & Brazil. Currently, BEML has order book of INR 4000 crore.