| BEML Midwest eyes Rs 1,000cr biz |
| BS Reporter / Hyderabad May 24, 2007 |
| BEML Midwest, the joint venture (JV) company floated by Bharat Earth Movers (BEML) with two private partners, is expecting a topline of Rs 1,000 in the next three to four years. The new company, which was formally announced here today, will undertake contract mining in coal, bauxite and iron ore among other minerals. Of the Rs 100 crore BEML Midwest equity, BEML will hold 45% stake while the rest will be held by the two private firms |
