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Stocks

Canara HSBC Oriental Bank of Commerce Life Insurance reduces stake in BEML

BEML

BEML Limited (formerly Bharat Earth Movers Limited) was established in May 1964 as a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex. The Company has partially disinvested and presently Government of India owns 54% of total equity and rest 46% is held by Public, Financial Institutions, Foreign Institutional Investors, Banks and Employees.

Its three major Business verticals viz., Mining & Construction, Defence and Rail & Metro are serviced by its nine manufacturing units located at Bangalore, Kolar Gold Fields (KGF), Mysore, Palakkad and Subsidiary – Vignyan Industries Ltd, in Chikmagalur District.

BEML manufactures and supplies Defence Ground Support Equipment such as Tatra based High Mobility Trucks, Recovery Vehicles, Bridge Systems, Vehicles for Missile Projects, Tank Transportation Trailers, Milrail Wagons, Mine Ploughs, Crash Fire Tenders, Snow Cutters, Aircraft Towing tractors, Aircraft Weapon Loading Trolley.

BEML Canara HSBC Oriental Bank of Commerce Life Insurance Share Price April 2016

Canara HSBC Oriental Bank of Commerce Life Insurance Company sold 233,281 shares or 0.56%

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