State-owned BEML Ltd has announced that it has received approval from the Chhattisgarh state cabinet to acquire 100 acres of land in Janjgir-Champa district at a nominal rate of Re. 1 per acre. The land will be used to establish a state-of-the-art manufacturing facility for heavy earth moving equipment.
In an exchange filing, BEML disclosed that this move aligns with its expansion plans and is aimed at enhancing indigenous production capacity for critical infrastructure and mining equipment.
The proposed unit will help BEML strengthen its manufacturing capabilities in eastern India, while also generating employment and supporting local economic development in the region.
About BEML
Formerly known as Bharat Earth Movers Limited, BEML is a leading Indian public sector company headquartered in Bangalore. It manufactures a wide range of heavy equipment used in mining, earthmoving, transport, and railways. The company is Asia’s second-largest manufacturer of earth moving machinery and plays a crucial role in India’s industrial and infrastructure sectors.
These clarifications follow the circulation of viral messages warning of potential ATM outages due to the ongoing geopolitical situation. However, banks and officials alike have dismissed such claims as baseless and misleading.
Public sector banks have emphasized that they are continuously monitoring the situation and are committed to ensuring uninterrupted access to banking services for all citizens.
