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Monday, December 13, 2010

BEML seeks IIM-B's help to double fortunes by 2017


BEML chief and Directors addressing FDAJB members at its plant in Palakkad on December 6. Photo: BEML
By Anantha Krishnan M. AVIATION WEEK |

Palakkad  India | December 8, 2010 |

India’s Bharat Earth Movers Ltd. (BEML) has accepted the help of a premier Indian business school in an attempt to meet the goal of doubling its sales by 2017. V.R.S. Natarajan, chairman and managing director, recently told a group of journalists at BEML’s new facility in Kanjikode, near Palakkad in Kerala, that the company hopes to achieve Rs 10,000 crore ($2.2 billion) in sales with the assistance of the Indian Institute of Management-Bangalore (IIM-B). “The Strategic Management Group of IIM-B will look into company affairs from a 360-degree angle and give its findings by March 31, 2011,” Natarajan says. The Palakkad facility opened in May, and within seven months reported profits of Rs 100 crore.
(This is a backlog update from Aviation Week to Tarmak007)
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