BEML to set up Heavy Earth Moving Equipment manufacturing plant in Chhattisgarh
BEML has recently informed exchanges that the company secured approval from the Chhattisgarh Cabinet for the allotment of 100 acres of land in Janjgir-Champa district. The state government has granted the land at a nominal rate of Re. 1 per acre, facilitating the establishment of Heavy Earth Moving Equipment manufacturing plant in the region.
In the exchange filing, the company shared, 'We wish to inform that the Chhattisgarh cabinet has approved the allotment of 100 acres of land in Janjgir-Champa district to the Company at Re. 1 per acre for setting up a state-of-the-art Heavy Earth Moving Equipment manufacturing plant in the state.'
This strategic move is expected to boost the local economy by creating job opportunities, promoting industrial growth, and fostering technological innovation in the heavy equipment sector. The plant will focus on the production of advanced earth-moving machinery, catering to the increasing demand in sectors like mining, construction, and infrastructure development.
In the meantime, BEML has announced a second interim dividend of ₹15 per equity share for the financial year 2024–25. This decision was taken during the company's 411th Board of Directors meeting, held on May 9, 2025. The dividend, representing 150% of the face value of each equity share (₹10), reflects the company's continued strong performance. The company has set the record date for the interim dividend as May 15, 2025, to determine the eligibility of shareholders who will receive the payout.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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