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BEMLBharat Earth Movers Limited
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Model Make Engine HP Blade Size (MM) Operation Weight D4-D CATERPILLAR 75 HP 3048 X 762 9 TON D6 CATERPILLAR 85 HP 3050 X 840 10 TON BD50 BEML 90 HP 3350 X 855 11 TON D41-E6 KOMATSU 105 HP 3045 X 1010 10.
The decision was taken "following a recommendation by the CBI that he should be kept away from the post to ensure fair investigation," Defence Ministry spokesperson Sitanshu Kar said adding that investigating agency is currently looking into various charges against the BEML chief.
CBI sources said they had demanded his removal and the government's action against him was an indication that his days of ruling BEML were over.
Natarajan's responsibilities have been given to P Dwarkanath, the senior most functional Director at BEML.
The new stream of business would generate for BEML an additional Rs 220 crore in revenue in the next two years.
According to sources, BEML has also proposed that the joint venture be named MAMC Industries Ltd.
BEML is investing INR1bn for a 48 percent share, while Coal India and Damodar Valley are sharing the remaining 52 percent share equally.
The transit system is seeking to purchase rail coaches and wagons from local suppliers such as BEML.
If he does not apologize, we may file a defamation suit against Gen V K Singh," BEML chairman and managing director V R S Natarajan had told reporters in Bangalore on June 2.
Terming the allegations levelled by former army chief to be fabricated, Natarajan said: "The former army chief has made some allegations against BEML.
Records show that the vigilance wings of MoD and BEML are examining the matter and there are also correspondence between the CBI and the Chief Vigilance Officer of BEML on these allegations.
He said that the BEML is in the process of establishing an R and D centre for metro trains.