Mumbai, April 04, 2005 (UNI)

The public sector unit Bharat Earth Movers Ltd (BEML) has posted its highest ever jump in profit before tax (PBT) at 444 per cent to Rs 272.16 crore compared to last year.

Announcing the results, the company said it had ended the financial year 2004-05 recording an all-time high turnover of Rs 1916 crore inclusive of other income Rs 53.85 crore, value of production of Rs 1860.04 crore, while the exports stood at Rs 60 crore. However, these figures are subject to statutory and government audit.

BEML became the first Indian company to indigenously assemble and supply stainless steel coaches in collaboration with Rotem to Delhi Metro.

The company is also in the process of setting up a centre for excellence for manufacturing metro rolling stock. It has acquired on lease 1109 acres of land from Bharat Gold Mines Ltd with two workshops which are being modernized and utilized for manufacture of defence items and aggregates. The land is being utilized as a test track for certification of defence equipments.

It also signed memorandum of understandings (MoUs) with Terex Corporation, USA, for marketing high-end dump trucks of 150T, 240T and 360T capacities and with Bucyrus International, USA for 40 CuM.