Bharat Earth Movers Ltd has posted a net profit of Rs 104.80 million for the quarter ended December 31, 2002 as compared to net profit of Rs 15.40 million in the quarter ended December 31, 2001.
Bharat Earth Movers Ltd has bagged Rs 800 crore (Rs 8 billion) orders from Ministry of Defence for various ground support high-mobility vehicles.
Bharat Earth Movers has posted a 4% increase in net profit to Rs 18.07 crore for the fourth quarter ended March 31, 2003 when compared with Rs 17.36 crore for the corresponding quarter last fiscal.
The six Pinaka Regiments comprise of 114 Launchers with automated gun aiming and positioning system and 45 command posts to be procured from M/s TPCL and M/s L&T, and 330 vehicles to be procured from M/s BEML.
The defence minister, without naming anyone, said some people are not liking the rapid development of India and are unable to digest it.
The government-run Bharat Earth Movers Limited continues to do business with the United Kingdom-based Tatra Sipox, in spite of the latter facing a criminal case filed by the Central Bureau of Investigation. The PSU sought a fresh lot of Tatra trucks, priced at Rs 59.6 lakh each, in July -- two months after the CBI filed its case against the company.
Former army chief General V K Singh had some time back claimed that he had scuttled a Bharat Earth Movers Limited bid to sell overpriced Tatra vehicles to the Indian Army. But in February 2012, the army quietly signed a contract with BEML for an even larger and more controversial purchase: a $275-million (about Rs 1,500 crore) contract for 204 armoured recovery vehicles.
PSU stocks continued with their reign of gains as the market expects that most of these companies have done well in the just concluded quarter.
The Enhanced Pinaka has demonstrated a range of 75 km and an ability to strike within 10 metres of where it is aimed. This allows a Pinaka battery to destroy a terrorist camp, or an enemy post, logistics dump or headquarters, without sending soldiers across the border.
'We are not incentivising the old tax scheme. These taxpayers will also shift to the new regime after comparison.'
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
Modi also rolled out the first of the 500 metro coaches manufactured by Bharat Earth Movers in flat 75 days at it Bengaluru facility.
A large Dhruv order could significantly boost Indian defence exports. These have grown from Rs 1,940 crore in 2014-2015 to Rs 10,745 crore in 2018-2019.
The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala Sitharaman said on Thursday. Highlighting that FDI flow into India is much higher compared to other emerging economies, she said India's strong macroeconomic fundamentals, ability to do reforms and a stable government help attract long-term foreign funds into Indian businesses.
There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.
'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now.
The ministry of defence has bought two regiments of the indigenous Pinaka multi-barrelled rocket launcher for Rs 3,230 crore.
Out of nearly 30 public sector undertakings and assets under 'strategic sale' plan, only the ONGC-HPCL plan has been completed
Venture capitalists are leveraging their experience to build something new.
