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India Plans To Sell BEML’s Non-Core Assets As It Revives Strategic Sale: BQ Exclusive
The asset sale is part on the government’s plan to shore up revenue in a pandemic-marred financial year.
11 Sep 2020, 04:53 PM IST 
BEML has three divisions—earth moving, metro and defence. It also supplies equipment for two stages of the Akash missile and is its key integrator. (Photographer: Vincent Mundy/Bloomberg)
India plans to sell more than Rs 1,000 crore worth of non-core assets of BEML Ltd., according to an official, setting the stage for strategic divestment of the state-owned rail coach maker amid a revenue crunch.The asset sale is being pushed ahead of the plan to cut the government's holding by more than half to 26% in the company that has interests ranging from defence, mining to manufacturing rail coaches, the official said on the c...
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