Last week, Shantanu Roy, Chairman and Managing Director of BEML, said the company is focusing on expanding exports and scaling up its international order book, supported by recent wins and a strong tender pipeline. The company’s international order book has crossed $100 million, and it is aiming to double that in the financial year ending March 2027 (FY27).
A recent order from West Asia for heavy earth-moving equipment is expected to support this growth. Roy said the order has been in progress for several months and includes design changes and a long-term maintenance component. “It has been going on for seven to eight months… and it is a game changer for us,” he said.
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BEML is also seeing a large opportunity pipeline across segments. The company has identified a ₹40,000 crore opportunity size across defence, rail, mining and international business for the year 2026-27. Roy expects a conversion rate of around 50%, led by rail and metro projects.
On exports, the company expects the contribution to rise gradually. “Exports in FY27 should be around 6–7% of our total top line,” Roy said, with a target to scale this to about 10% over the medium term.
On supply chains, the company has reduced dependence on imports through localisation, limiting disruptions. The current order book mix is led by rail and metro, followed by defence and mining, with international business forming a smaller share.
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On defence, Roy said the company is evaluating future opportunities, including new technologies. “This is going to be the future, the contactless warfare,” he said, referring to evolving defence needs.
Shares of BEML Ltd ended at ₹1,768.90, up by ₹24.40, or 1.40%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
First Published: Apr 21, 2026 4:34 PM IST
