Govt may invite bids for BEML privatisation in Dec quarter: Official

The Centre is likely to invite financial bids for the privatisation of BEML Limited (formerly Bharat Earth Movers Limited) in the December quarter, an official said. The Corporate Affairs Ministry approved the demerger of land and non-core assets of BEML to BEML Land Assets Ltd earlier this month. After demerger, every BEML shareholder will get shares in BEML Land Assets.