Minister of State for Defence Dr. Subhash Bhamre informed that The Government has given ‘in-principle’ approval for strategic disinvestment of BEML Ltd to the extent of 26% of Government shareholding with transfer of management control to strategic buyer. Transaction Advisor, Legal Advisor and Asset Valuer have been appointed by the Government as per the procedure and mechanism laid down for this purpose. After completion of the process, specific approval of Government will be sought again. The amount to be mobilised through the sale of Government Equities in BEML can be known only after completion of the process.
The details are given below:-
Breakup of extent of land and other assets of BEML Ltd as on 31.03.2017:
| Particulars | Gross carrying value
(Rs. in Crore) |
Accumulated Depreciation (Rs. in Crore) |
Net carrying value
(Rs. in Crore) |
| (i)LAND (total 4191.56 acres)
Free Hold ( 2696.63 acres ) Lease Hold ( 1494.93 acres ) |
12.86 80.39 |
– 0.65 |
12.86 79.74 |
| (ii)OTHER ASSETS | |||
| Buildings | 151.35 | 14.65 | 136.70 |
| Plant and Equipment | 272.41 | 43.38 | 229.03 |
| Furniture and Fixtures | 4.74 | 2.08 | 2.67 |
| Vehicles
Given on lease Own use |
4.26 5.25 |
1.06 1.22 |
3.20 4.03 |
| Office Equipment | 2.27 | 1.16 | 1.11 |
| Road and Drains | 15.33 | 6.12 | 9.21 |
| Water Supply Installations | 2.38 | 0.09 | 2.29 |
| Railway Sidings | 8.69 | 1.99 | 6.70 |
| Electrical Installation | 18.06 | 4.36 | 13.70 |
| Jigs and Fixtures | 15.63 | 6.28 | 9.34 |
| Special Tools | 10.22 | 5.25 | 4.97 |
| Computers and Data processing units | 10.00 | 7.12 | 2.88 |
| Total | 613.86 | 95.42 | 518.44 |
The details are given below:-
Details of Profits made, Dividend and taxes paid to the Government during the last ten years
(Rs. In Crore)
| Year | Profit After Tax (PAT) | Dividend
(Govt. Share) |
Contribution to exchequer (taxes) |
| 2007-08 | 225.65 | 27.00 | 595.63 |
| 2008-09 | 268.84 | 27.00 | 580.34 |
| 2009-10 | 222.85 | 22.50 | 688.25 |
| 2010-11 | 149.76 | 22.50 | 657.92 |
| 2011-12 | 57.25 | 11.25 | 682.58 |
| 2012-13 | (79.87) | 5.63 | 628.76 |
| 2013-14 | 4.68 | 2.25 | 653.67 |
| 2014-15 | 6.76 | 2.25 | 557.65 |
| 2015-16 | 53.15 | 9.00 | 671.63 |
| 2016-17 | 72.55 | 18.00 | 693.46 |