New Delhi: D Venkateshwara Reddy (IRS) has been appointed as Chief Vigilance Officer (CVO) of BEML Limited under the Department of Defence Production. The Appointments Committee of the Cabinet (ACC) has approved the proposal for the appointment of Reddy as CVO of BEML on Friday. According to an order from the Department of Personnel & Training (DoPT), Reddy has been appointed to the post for a period of for an initial period of three years, with effect from the date of assumption of charge of the post or until further orders, whichever is earlier.
Reddy is an Indian Revenue Service (IRS) officer of the 1995-batch. He is currently serving as Additional Commissioner of Central Board of Exercise and Customs, Chennai.
BEML Limited, formerly known as Bharat Earth Movers Limited, was established in May 1964 as a PSU for the manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex. The company has partially disinvested and presently the government owns 54 percent of total equity and rest 46 percent is held by Public, Financial Institutions, Foreign Institutional Investors, Banks and BEML Employees. BEML plays a pivotal role in serving India's core sectors like defence, rail, power, mining and infrastructure. The company started with a modest turnover of Rs 5 crore in1965 and the total turnover of the company is now more than Rs 3,500 crore.
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