Protest against BEML disinvestment turns a year

January 06, 2022 08:19 pm | Updated 08:19 pm IST - PALAKKAD

A candlelight protest held in front of the BEML unit at Kanjikode, near Palakkad, on Thursday evening.

A candlelight protest held in front of the BEML unit at Kanjikode, near Palakkad, on Thursday evening.

The indefinite strike by the employees of Bharat Earth Movers Ltd. (BEML), a profit-making mini Ratna public sector company, in protest against the Union government move to privatise the company turned a year on Thursday.

It was on January 6 last year that hundreds of BEML employees started their agitation against the government move to disinvest 26% shares.

CITU national secretary Chandran Pillai inaugurated the anniversary dharna in front of BEML unit at Kanjikode, near here, on Thursday evening. Mr. Pillai also inaugurated a ‘candle light protest’ in front of the company. CITU district president P.K. Sasi presided over the function.

Speaking on the occasion, Mr. Pillai said that the agitation by the BEML employees was a nationalist struggle as they were trying to protect a company involved in the manufacturing of vital equipment, including military equipment.

He said that by privatising a company suchs BEML, the Union government was trying to jeopardise the hundreds of soldiers who guard the country on the borders.

“BEML is worth more than ₹56,000 crore. It is being sold off for ₹1,800 crore. It smacks of corruption,” said Mr. Sasi.

BEML had secured orders worth more than ₹10,000 crore through global tenders last year. A company engaged in the manufacturing of heavy military vehicles, rail and metro coaches, and mining and construction vehicles, BEML has units in Bengalur, Kolar, Mysuru, and Kanjikode.

The Kanjikode unit is functioning on 375 acres of leased land given by the State government. It manufactures army vehicles, passenger railway coaches, and metro coaches. It has 350 permanent employees and 150 contract workers. It already churned out 1,500-odd heavy military trucks, 300 railway coaches and 500-odd metro bogies. The unit is equipped to produce 500 metro bogies a year.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.