BEML Limited appointed Shri Shantanu Roy (DIN-10053283), Director (Mining & Construction Business) as Chairman & Managing Director (CMD) on the Board of the Company w.e.f. 01 August 2023, in place of Shri Amit Banerjee (DIN-08783660), who will be superannuating from the services of Chairman & Managing Director (CMD) of the company w.e.f. 31 July 2023. Shri Shantanu Roy is a graduate in Electrical Engineering from NIT Raipur and an MBA in Financial Management. He assumed charge as Director (Mining and Construction Business) on 17th Feb.

2023. He is having more than 30 years of extensive experience in the capital goods sectors for Defence, Mining & Construction, Transportation, Transmission, Renewable and large power projects. A Six sigma Black Belt certified professional and widely traveled, he is adept at various models of project financing, mechanisms and processes for financial closure of large projects, international laws, arbitration rules, international legal & arbitration cases and statutory & Legal Compliances.

In his earlier stint as Head of BHEL's Marketing and Business Development team for Neighbouring countries, Middle East & Americas and After sales business for entire overseas operations, he was responsible for positioning BHEL in the international market for the supercritical thermal power segment with the largest ever export order of USD 1.5 billion for the 2X660 MW Maitree STPP in Bangladesh, further consolidation of BHEL's presence in Bhutan by securing orders for three major Hydroelectric Power Projects and in Nepal by securing orders for two major Hydroelectric Power Projects, entry of BHEL in subcritical thermal power segment and large Gas Turbine based power plant in the Middle East. Prior to that, he led the production and operations for manufacturing of high voltage rotating electrical machines and traction applications at BHEL's Bhopal Unit and underwent Training on Rolling Stock electrics and rotating electrical machines in Netherlands and Germany respectively. Shri Shantanu Roy is not having any inter-se relationship among the Directors of the Company.