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BEML receives regulatory approvals for incorporation of subsidiary

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As part of BEML's divestment process

BEML announced that Ministry of Defence (MoD) vide mail dated 11 June 2021 conveyed that the Department of Investment and Public Asset Management (DIPAM) and NITI Aayog have concurred to the proposal of Incorporation of Wholly Owned Subsidiary [WoS] of BEML for demerger of surplus land and asset as part of BEML's strategic disinvestment process undertaken by Government of India.

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First Published: Jun 12 2021 | 12:55 PM IST

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