India's BEML posts smaller Q1 loss as expenses fall

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Key Points

Aug 11 (Reuters) - India's BEML Ltd (BEML.NS) reported a narrower first-quarter loss on Friday, supported by a dip in input costs and as government spending for infrastructure increased...

The state-owned heavy equipment maker said its consolidated loss narrowed to 746.4 million Indian rupees ($9.02 million) in the three months ended June 30, from 823.3 million rupees a year earlier...

The Indian government's push for higher capital expenditure in its last full budget announced in February 2023 benefited companies in the infrastructure and allied space...

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