Tatragate Inda: BEML chief retires

The controversial chairman and managing director of BEML Ltd, V R S Natarajan announced on Monday evening that he has retired as the CMD of public sector defence company.

In a letter released to media by the CMD’s office of BEML, Natarajan said he retired as CMD on September 30, 2012 after attaining superannuation. Natarajan was under suspension for his alleged role in Tatra truck scam, which was made public by former chief of Army General V K Singh.

Also Read

Related Stories

News Now

- Tatra case: BEML chief suspended by Defence Ministry

- I will come out clean, says suspended BEML chairman

- BEML hits 52-week low

- BEML targets 23% growth in turnover at Rs 5,000 cr in FY13

- BEML threatens to sue retired Army chief Singh

- Tatra scandal hits BEML, Global Vectra stocks

The letter, which carried the signature of Natarajan listed out some of his achievements as the CMD of the company over the last decade.

“As you may be aware, I am laying down office as on September 30, 2012, on attaining superannuation after an eventful record of unprecedented contribution made to the company during my tenure of almost 10 years as its CEO. We have firmed up our BEML vision 2013 to achieve the turnover of Rs 5,000 crore in 2013-14 and accordingly taken several initiatives through diversification, modernisation and expansion, including organizational restructuring,” he said.

The controversial chairman and managing director of BEML Ltd, V R S Natarajan announced on Monday evening that he has retired as the CMD of public sector defence company.

In a letter released to media by the CMD’s office of BEML, Natarajan said he retired as CMD on September 30, 2012 after attaining superannuation. Natarajan was under suspension for his alleged role in Tatra truck scam, which was made public by former chief of Army General V K Singh.

The letter, which carried the signature of Natarajan listed out some of his achievements as the CMD of the company over the last decade.

“As you may be aware, I am laying down office as on September 30, 2012, on attaining superannuation after an eventful record of unprecedented contribution made to the company during my tenure of almost 10 years as its CEO. We have firmed up our BEML vision 2013 to achieve the turnover of Rs 5,000 crore in 2013-14 and accordingly taken several initiatives through diversification, modernisation and expansion, including organizational restructuring,” he said.