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October 24, 2007

MALAYSIA: Investment
BEML registers company in Malaysia

BEML, the Rs 2,600 crore public sector undertaking under the ministry of defence, has started operations in Malaysia to tap the growing demand for mining and construction equipment and spares.

The company today opened a global warehouse for sourcing and supplying of mining and construction equipment and spares to over 43 countries.

BEML has registered a company BEML (Malaysia) Sdn Bhd based at Johor Bharu in Malaysia. The company already has a subsidiary in Brazil, and is in the process of setting up an assembly plant for its mining products.

BEML (Malaysia) will act as a regional global distribution centre for stocking, selling of spares and servicing its equipment in the South Asian region and Australia.

BEML expects to achieve a turnover of $35 million for the year 2007-08 through its Malaysian office-cum-international warehouse.

BEML has bagged a contract worth Rs 648 crore from Northern Coalfields (NCL), Singrauli for the supply and servicing of electric rope shovels.

The order includes Rs 160 crore for equipment supply and Rs 488 crore for servicing over a period of 17 years. The shovels will be manufactured at BEML's Kolar Gold Fields complex.

According to a release issued by BEML, the rope shovels will be serviced from its existing service centre at Singrauli. All the rope shovels would be supplied during 2008-09, and the service contract starts from 2009-10. Courtesy Business Reporter

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