BEML announced that the nomination of Surina Rajan (DIN-06699602), as a Government Nominee Director on the Board of the Company, stands withdrawn by the Government of India.

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Net profit of BEML rose 0.69% to Rs 187.69 crore in the quarter ended March 2018 as against Rs 186.40 crore during the previous quarter ended March 2017. Sales declined 4.81% to Rs 1252.60 crore in the quarter ended March 2018 as against Rs 1315.95 crore during the previous quarter ended March 2017.

For the full year,net profit rose 53.30% to Rs 129.45 crore in the year ended March 2018 as against Rs 84.44 crore during the previous year ended March 2017. Sales rose 16.61% to Rs 3305.42 crore in the year ended March 2018 as against Rs 2834.66 crore during the previous year ended March 2017.

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BEML will hold a meeting of the Board of Directors of the Company on 25 May 2018.

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BEML and OFB have unveiled its latest product : The 155 mm 52 Cal Mounted Gun System at the ongoing DEFEXPO 2018.

The uniqueness of this project is that it has been completely and independently designed and manufactured by OFB in association with BEML & BEL and is therefore a shining example of 'MAKE IN INDIA' — The Theme of DEFEXPO'18. The Gun is equipped with the state-of—the-artlaying system and sighting system such as GPS aided INS, muzzle velocity feeder data management, day and night firing, ballasting computer system capability.

The base vehicle used for the gun system is the BEML-TATRA 8X8 truck with all differential lockable and a powerful 300KW engine, which provides it a power to weight ratio of more than 10KW/ton. This is a high mobility vehicle with independent wheel suspension and swinging halfaxles to provided enhanced cross~country mobility.

The vehicle has a cruising speed of 80Km/hr on-road and more than 30Km/hr in cross—courtry and has a cruising range of 1000Km without refuelling.

The armament used in the 155mm 52Cal with target equipment capability of approximate 42Kms. The Gun System combines with the advantage of high mobility performance of a truck with accurate long range fire power of a 155mm 52 Cal Gun and with its onboard ammunition storage capability of 18 rounds of HE shells as well as 18 BMCS and 2-6 chargers. It can be automatically deployed in any terrain and can perform a mission independently.

With its high strategic maneuverability in all types of terrain it will serve as all weather reinforcement for the infantry and will be a present force multiplier for the Indian Artillery.

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