Latest news with #ShantanuRoy
Hans India
4 days ago
- Automotive
- Hans India
BEML transitions to all-electric fleet in Bengaluru
Bengaluru: BEML Ltd, a public sector undertaking, on Monday flagged off a fleet of 10 electric cars at the company's corporate headquarters here, taking a significant step in its journey towards becoming fully sustainable. Strengthening its pledge toward a greener future, this marks a decisive shift as the company phases out all diesel-powered vehicles from its operational fleet, it said. The company in a statement said that the launch, held just ahead of World Environment Day, highlights BEML's proactive alignment with both national and global climate action goals, as well as its support for the Government of India's 'Go Green' mission. 'This initiative is a reaffirmation of BEML's deep-rooted commitment to environmental stewardship. Transitioning to electric vehicles is not just about reducing emissions—it's about leading the way in sustainable practices and setting new benchmarks for the industry,' Shantanu Roy, Chairman and Managing Director of BEML said, in a statement. According to the company, as part of its broader roadmap, BEML has planned to scale this green mobility initiative across its manufacturing complexes and regional offices nationwide. It also aims to invest in essential EV-supportive infrastructure, including energy-efficient transport solutions, to create a scalable and sustainable ecosystem across its four plants in the coming time, it added.
Mint
28-05-2025
- Business
- Mint
BEML plans to manufacture light infantry vehicles; roll out indigenous bullet train by 2026
NEW DELHI : State-run manufacturing major BEML Ltd is working on developing light-infantry vehicles for combat, reconnaissance, and patrol as it expects procurement of launch platforms for missiles, including the Brahmos, to rise, said its chairman and managing director, Shantanu Roy, in an interview. The listed firm, formerly known as Bharat Earth Movers Ltd, is also expecting more orders for high-mobility vehicles to carry heavy equipment and armoured recovery vehicles in the wake of the India-Pakistan conflict. The public sector undertaking plans to roll out India's first long-distance, semi-high-speed trains (Vande Bharat) in a sleeper coach configuration and bullet trains by December 2026, added Roy. Also Read: BEML needs to make hay while its order backlog shines 'High-speed train (bullet train) will be manufactured in Bengaluru. We are in the design stage. We would like to start manufacturing by September 2025. We will try that the first car body, the first shell, should be ready in the current fiscal year by February-March 2026. Actually, we have to build two trains, eight coaches each." The train would have a maximum speed of 280 kilometres per hour. It would likely run on the Mumbai-Ahmedabad high-speed corridor at around 249 kmph along with Japanese trains. 'The idea is to roll out the first train in December 2026. The second one will come, maybe, a couple of months later," he said. The defence push Roy said defence, train, and metro manufacturing would comprise 60% of the company's revenue in 2025-26, indicating a clear shift from mining equipment manufacturing, whose share would decrease to 40% from 53% in 2024-25. Also Read: Operation Sindoor: Defence stocks can add firepower to your portfolio. But there's a catch. "Even in defence, we are expecting good orders in the high-mobility vehicles segment, and we already have some armoured recovery vehicles, overall orders for which will start flowing from this year. There will be some procurement, and we are hopeful to get orders for some high-mobility vehicles," Roy said. He said the company would also consider developing future-ready combat vehicles (FRCVs) a few years down the line. 'We are not yet in the weaponised vehicles segment, but we are preparing ourselves to get into that segment," he said. Roy added that the company has also developed a rigid axle platform for gun towing with an air-cooled engine, which would help operations in areas of water scarcity. 'It has already undergone winter trials. Now, it will undergo summer trials. Once that is successful, I expect orders to follow," he said, adding that in 2024-25, BEML entered the light armoured multipurpose vehicle (LAMV) segment and orders for them should flow by 2026-27. Also Read: Indian defence firms skyrocket after Pakistan skirmish Moreover, he said the company has entered the maritime segment, with work underway on critical components for aircraft carriers and submarines. 'A lot of the Indian Navy requirements are currently imported. So, we are working on some 5-6 projects where we have already been identified as an Indian lead agency for indigenising some critical aggregates, critical components. The volume will not be much, but the value will be high, and it will create a lot of self-reliance for the country," he said. BEML's orderbook stood at ₹14,610 crore on 31 March 2025. It expects orders worth ₹14,000 crore in 2025-26. 'After we execute (some orders), we'll be left with around ₹22,000-23,000 crore worth of orders (by 2025-26 end). In 2023-24, it was around ₹11,450, so the orderbook has grown by 28%. And if we are able to grow it to ₹22,000, it will be a huge jump." The company on Monday reported a net profit of ₹292.52 crore, up 3.8% year-on-year. Its total income in 2024-25 was ₹4,045.95 crore.
Time of India
15-05-2025
- Automotive
- Time of India
BEML flags off 2,100th metro coach, secures land for new unit in Madhya Pradesh
Bharat Earth Movers Ltd on Thursday flagged off its 2,100th metro coach from its rail coach factory in Bengaluru. The occasion was attended by Madhya Pradesh' CM Mohan Yadav, who also handed the rail manufacturing company an allotment for its new manufacturing unit in Umeria, Raisen district. The newly-flagged 2100th metro coach was developed for the Mumbai Metropolitan Region Development Authority (MMRDA) through the Delhi Metro Rail Corporation (DMRC). Built in compliance with driverless technology, features state-of-the-art safety systems and smart technologies aligning with global standards. The Madhya Pradesh government sanctioned 60.063 hectares for this upcoming facility, which will focus on producing rolling stock and metro coaches for both regional and national urban mobility projects. The move is expected to boost BEML's manufacturing footprint while generating industrial development and employment across the state. Speaking at the ceremony, the CM said, "This forward-looking initiative will play a pivotal role in enhancing Madhya Pradesh's industrial ecosystem, while creating meaningful opportunities for youth, MSMEs, and local communities—strengthening the foundations of inclusive and sustainable growth. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Potrerito: IA: gana hasta $2,700 a la semana trabajando desde casa Trade AI Registrarse Undo BEML chairman and managing director Shri Shantanu Roy announced, "This strategic move will significantly contribute to the expansion of the nation's rail infrastructure and the advancement of urban mobility solutions .' Roy further added that this milestone not only reinforces the public entity's role in strengthening India's infrastructure, 'but also supports regional industrialization and employment generation. With this momentum, we are fully geared to manufacture world-class rail and metro coaches—not just for India, but for the global market.' The train set features India's first onboard condition monitoring system, offering real-time automatic diagnostics via five integrated modules that monitor rail track conditions, overhead equipment (OHE), pantograph-OHE interaction, arc detection and rail profile analysis. These capabilities enable predictive maintenance and remote diagnostics directly from the depot's control centre. BEML's metro journey began in the early 2000s with the RS1 project for DMRC. Since then, its metro coaches have become the backbone of urban transit in cities like Delhi, Bengaluru, Kolkata, and Mumbai. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
29-04-2025
- Business
- Time of India
BEML launches India's largest indigenously developed electric rope shovel
Bengaluru-headquartered BEML Limited, a Public Sector Undertaking, on Tuesday announced the launch of the country's largest indigenously designed and developed electric rope shovel-BRS21. Describing it as a technological marvel, BEML said the BRS21 rope shovel is entirely designed, engineered, and manufactured in India. According to BEML, the high-capacity electric rope shovel is purpose-built for large-scale overburden removal in opencast mining operations. "This electric giant marks a historic shift in large-scale surface mining by offering an eco-friendly, zero-emission solution for overburden removal in opencast mines. Weighing an impressive 720 tons and equipped with a 21-cubic-meter bottom dump bucket, the BRS21 stands as one of the most capable and advanced machines in its class," BEML said in a statement. The monumental mining equipment was formally handed over by Shantanu Roy, Chairman and Managing Director of BEML, to B Sairam, Chairman and Managing Director of Northern Coalfields Ltd (NCL), at Nigahi Mines, Singrauli, Madhya Pradesh. "This moment marks a proud milestone for the nation as we advance the Prime Minister's vision of Aatmanirbhar Bharat . The successful development of this colossal mining equipment by BEML in just 24 months speaks volumes about our engineering strength and collective resolve," said Roy. "It's not just a triumph for BEML but a defining moment for India's coal sector, ushering in a new era of sustainable and self-reliant mining solutions," he added.
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Business Standard
29-04-2025
- Business
- Business Standard
BEML hands over India's largest electric rope shovel to Coal India
State-owned BEML on Tuesday announced the official handover of an indigenously developed electric rope shovel to mining giant Coal India. The mining equipment was formally handed over to Northern Coalfields CMD B Sairam in the presence of Coal India CMD PM Prasad and BEML CMD Shantanu Roy, the company said in a statement. "In a major leap for India's mining sector and a powerful stride towards the government's Aatmanirbhar Bharat mission, BEML Ltd has launched the country's biggest indigenously designed and developed electric rope shovel -- BRS21," it said. The BRS21 is a high-capacity, electric rope shovel purpose-built for large-scale overburden removal in open cast mining operations. With an operating weight of 720 tonnes and a 21 cubic metre bottom dump bucket, it ranks among the most capable shovels globally. "The successful development of this colossal mining equipment by BEML in just 24 months speaks volumes of our engineering strength and collective resolve. It's not just a triumph for BEML but a defining moment for India's coal sector, ushering in a new era of sustainable and self-reliant mining solutions," Shantanu Roy, CMD of BEML, said. BEML, under the Ministry of Defence, operates in three verticals -- construction and mining, rail and metro and defence and aerospace. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
