BEML puts in place catch-up plan to make up for production backlog due to COVID impact
5th Oct 2020

BEML has put in place a catch-up plan to make up for the production backlog induced by COVID-19s adverse consequences, with manufacturing plants now operating near normal. It is also trying to reduce cost through various cost optimisation strategy and austerity measures so as to minimize impact on the bottom-line. The company has set a revenue target of over Rs 4,000 crore for 2020-21, up from Rs 3,029 crore in the previous fiscal.

The spread of the pandemic and subsequent lockdown from March last week had impacted company’s turnover and production due to the closure of manufacturing facilities, disruption in spares and service business, non-receipt of items on account of supply chain disruptions, restrictive movements and non- availability of required trailers among others.

BEML a leading mining and construction equipment manufacturer has designed and developed indigenously over 40 products through its R&D, and are not only working in India but also in 65 countries around the world.