BEML's Kolar Gold Fields Unit: No Business Expansion but Infrastructure Development

BEML Ltd. has clarified a recent news item appearing in the media regarding their Kolar Gold Fields (KGF) unit. The company stated that the news coverage was not accurate and seemed to be a rumour. The actual event was the foundation stone laying for a major infrastructure development and expansion of facilities within the existing premises of the company at KGF. This activity is part of the company's normal business operations and does not constitute a business expansion. As a Government of India enterprise and a Defence PSU, BEML continues to adhere to all applicable statutory and regulatory requirements.