BEML Ltd, a defence PSU, has set a target of Rs5,000 crore (more than $1 billion) revenue by 2013-14, its golden jubilee year, VRS Natrajan, chairman and managing director of the company, said at a press conference in New Delhi today.
BEML, he said, has set its sights on a higher volume of defence business, which is expected to be over Rs3,500 crore in 2009-10. The company has orders of around Rs5,400 crore, he added.
BEML had export orders worth Rs304 crore last year, with major orders coming from Indonesia and Brazil.
BEML, meanwhile, is working with the Defence Research and Development Organisation (DRDO) to explore opportunities for developing 10 metre and 5 metre short span bridges, Natarajan said.
BEML will also be offering state-of-the-art 43 metre span dry support bridges to the Indian Army for load capacity MLC 80 T/MLC 100 T/MLC, he said. This bridge can be launched from one side of the bank without intermediary support.
BEML, being the offset partner for DMD, Slovakia for wheeled guns with 30 per cent of value, is in the final stages of offering 155 mm wheeled guns for which trials are scheduled shortly, he said.