The government presently owns 54% shares of BEML. Tata Motors of Tata group, Ashok Leyland of Hinduja group and Bharat Forge of Kalyani group are now shortlisted to buy 26% of the shares in this company from the government. BEML will cease to be a public sector company after the sale of the proposed shares. It supplies equipment to three important sectors – defence and aerospace, rail and metro, and mining & construction, but the government wants to privatise it.