Bharat Earth Movers Ltd

State-run BEML Registers Net Profit Up 53 % in 2017-18

State-run Bharat Earth Movers Ltd (BEML) reported net profit of Rs 130 crore for fiscal 2017-18, registering 53 percent annual growth from Rs 84 crore in the previous fiscal 2016-17. The company's board of directors has recommended an annual dividend of Rs 8 per share (80 percent) for the fiscal (FY 2018) to its retail and institutional investors.