Trending News
Now, BEML aims to start exporting Vande Bharat, metro trains in coming years
Vande Bharat trains for export! BEML Ltd, a state-owned heavy equipment manufacturer, anticipates that the rail and metro segment, alongside defence, will be the most significant contributor to its revenue in the near future. The company is looking to secure export orders for Vande Bharat and metro trains within the next few years.
Shantanu Roy, the chairman of BEML, told ET in an interview, “The priority is to roll out the indigenous Vande Bharat trains first.But next year, we will try and should expect something on the export front.”
BEML is currently manufacturing the first prototype of the Vande Bharat sleeper train set for Indian Railways, which is expected to be rolled out in the coming months.
BEML told the financial daily that it aims to accelerate the Make in India initiative and is currently exploring opportunities in the Middle East, South America, and the Asean region for rail and metro exports. Roy said that BEML’s ultimate goal is of increasing exports from the current 4% to around 10% of their top line.
To streamline growth, BEML has reorganized its operations this fiscal year, focusing on three key segments: mining and construction, defence, and rail and metro.
Also Check | Vande Bharat sleeper & Vande Metro: Indian Railways to launch two new trains soon; top specials facts you must know
The company has established 11 strategic business units (SBUs) within these segments, each headed by a CEO who will have greater decision-making power and better control over operations. BEML’s consolidated net loss narrowed to Rs 70 crore for the quarter ended on June 30, 2024, while the company achieved a 10% growth in topline.
Regarding profitability, Roy noted that last year’s performance was significantly better than previous years. He said, “This year, we have given a guidance of 100 basis points for Ebitda growth at 13%. We aim to reach 16-17% in the near future.” BEML is optimistic about its future prospects and is working towards achieving its goals in the rail, metro, and defence sectors.
Shantanu Roy, the chairman of BEML, told ET in an interview, “The priority is to roll out the indigenous Vande Bharat trains first.But next year, we will try and should expect something on the export front.”
BEML is currently manufacturing the first prototype of the Vande Bharat sleeper train set for Indian Railways, which is expected to be rolled out in the coming months.
BEML told the financial daily that it aims to accelerate the Make in India initiative and is currently exploring opportunities in the Middle East, South America, and the Asean region for rail and metro exports. Roy said that BEML’s ultimate goal is of increasing exports from the current 4% to around 10% of their top line.
To streamline growth, BEML has reorganized its operations this fiscal year, focusing on three key segments: mining and construction, defence, and rail and metro.
Also Check | Vande Bharat sleeper & Vande Metro: Indian Railways to launch two new trains soon; top specials facts you must know
The company has established 11 strategic business units (SBUs) within these segments, each headed by a CEO who will have greater decision-making power and better control over operations. BEML’s consolidated net loss narrowed to Rs 70 crore for the quarter ended on June 30, 2024, while the company achieved a 10% growth in topline.
Regarding profitability, Roy noted that last year’s performance was significantly better than previous years. He said, “This year, we have given a guidance of 100 basis points for Ebitda growth at 13%. We aim to reach 16-17% in the near future.” BEML is optimistic about its future prospects and is working towards achieving its goals in the rail, metro, and defence sectors.
