According to reports, the government has initiated the process to hasten BEML's disinvestment.
On divestment process DK Hota, chairman, BEML said, “Right now the disinvestment process is on the fast track and the preliminary information material (PIM) has just been finalised. The surplus land monetisation and disposal that process is also on. We have been in touch with a various government agencies. As per the guidelines and timelines given by DIPAM it should be about 8-9 months from now.”
He further added, “The surplus land has already been identified to be monetised and sold-off or to be returned back wherever to the government as per the agreements so that process has kicked in.”
On orderbook Hota said, “This year the order booking has been excellent for us. My order book should be roughly about Rs 15,000 crore,” he said.
On revenue expectation, he said, “This year we should go close to somewhere Rs 3,700 crore mark and next year we should be a private entity, so you will not have various headwinds if we say so. So we should go up to Rs 5,000 next year,” he said.
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