Type Public Founder Government of India Headquarters New Delhi Founded 1964 | Industry Electrical equipments Area served Worldwide CEO Atul Sobti (1 Jan 2016–) Revenue 263.5 billion INR (2016) | |
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Key people Atul Sobti, (Chairman & MD) Products Gas and Steam Turbines, Boilers, Electric Motors, Generators, Heat Exchangers, Pumps, Switchgears, Sensors, Automation and Control Systems, Power electronics, Transmission systems etc. Stock price BHEL (NSE) ₹ 160.70 +2.55 (+1.61%)6 Mar, 1:35 PM IST - Disclaimer | ||
Bharat Heavy Electricals Limited (BHEL) owned by the Government of India, is an engineering and manufacturing company based in New Delhi, India. Established in 1964, BHEL is India's largest power plant equipment manufacturer. The company has been earning profits continuously since 1971-72 and paying dividends uninterruptedly since 1976-77.
Contents
History
BHEL was established in 1964 Heavy Electricals (India) Limited was merged with BHEL in 1974. In 1982, it entered into power equipment, to reduce its dependence on the power sector. It developed the capability to produce a variety of electrical, electronic and mechanical equipments for all sectors, including transmission, transportation, oil and gas and other allied industries. In 1991, it was converted into a public limited company. By the end of 1996, the company had handed over 100 Electric Locomotives to Indian Railway and installed 250 Hydro-sets across India.
Operations
BHEL is engaged in the design, engineering, manufacturing, construction, testing, commissioning and servicing of a wide range of products, systems and services for the core sectors of the economy, viz. power, transmission, industry, transportation, renewable energy, oil & gas and defence.
It has a network of 17 manufacturing units, 2 repair units, 4 regional offices, 8 service centres, 8 overseas offices, 15 regional centres, 7 joint ventures, and infrastructure allowing it to execute more than 150 projects at sites across India and abroad. The company has established the capability to deliver 20,000 MW p.a. of power equipment to address the growing demand for power generation equipment.
BHEL has retained its market leadership position during 2015-16 with 74% market share in the Power Sector. An improved focus on project execution enabled BHEL record its highest ever commissioning/synchronization of 15059 MW of power plants in domestic and international markets in 2015-16, marking a 59% increase over 2014-15. With the all-time high commissioning of 15000 MW in a single year FY2015-16, BHEL has exceeded 170 GW installed base of power generating equipments.
It also has been exporting its power and industry segment products and services for over 40 years. BHEL's global references are spread across over 76 countries across all the six continents of the world. The cumulative overseas installed capacity of BHEL manufactured power plants exceeds 9,000 MW across 21 countries including Malaysia, Oman, Iraq, UAE, Bhutan, Egypt and New Zealand. Their physical exports range from turnkey projects to after sales services.
Main manufacturing facilities
The company is also setting up a new Greenfield Power Equipment Fabrication Plant (GPEFP) at Bhandara, Maharashtra, the foundation stone for which was laid on 14 May 2013. Further, BHEL is planning to enter solar manufacturing in a big scale, as it has announced its plans for a 600 MW Solar Module Factory.
Products and services
Awards and recognitions
Research and development
BHEL's investment in R&D is amongst the largest in the corporate sector in India.
During the year 2012-13, the company invested about ₹1,252 crores on R&D efforts, which corresponds to nearly 2.50% of the turnover of the company, focusing on new product and system developments and improvements in existing products for cost competitiveness, higher reliability, efficiency, availability and quality etc. To meet customer expectations, the company has upgraded its products to contemporary levels through continuous in-house efforts as well as through acquisition of new technologies from leading engineering organizations of the world. The IPR (Intellectual Property Rights) capital of BHEL grew by 21.5% in the year, taking the total to 2170.
The Corporate R&D division at Hyderabad leads BHEL’s research efforts in a number of areas of importance to BHEL’s product range. Research & product development (RPD) Groups for each product group at the manufacturing divisions play a complementary role. BHEL has established Centres of Excellence for Simulators, Computational Fluid Dynamics, Permanent Magnet Machines, Surface Engineering, Machine Dynamics, Centre for Intelligent Machines and Robotics, Compressors & Pumps, Centre for Nano Technology, Ultra High Voltage Laboratory at Corporate R&D; Centre of Excellence for Hydro Machines at Bhopal; Power Electronics and IGBT & Controller Technology at Electronics Division, Bengaluru, and Advanced Fabrication Technology and Coal Research Centre at Tiruchirappalli.
BHEL has established four specialized institutes, viz., Welding Research Institute (WRI) at Tiruchirappalli, Ceramic Technological Institute (CTI) at Bangalore, Centre for Electric Traction (CET) at Bhopal and Pollution Control Research Institute (PCRI) at Haridwar. Amorphous Silicon Solar Cell plant at Gurgaon pursues R&D in Photo Voltaic applications.
Significantly, BHEL is one of the only four Indian companies and the only Indian Public Sector Enterprise figuring in 'The Global Innovation 1000' of Booz & Co., a list of 1,000 publicly traded companies which are the biggest spenders on R&D in the world.
Criticism
BHEL is to construct 1,320-megawatt coal power plant in Rampal which is close to the Sundarban mangrove forest for Bangladesh-India Friendship Power Company(Pvt.) Limited(joint venture between NTPC Limited and Bangladesh Power Development Board). The project has faced criticism for the environmental impact and the potential harm to the largest mangrove forest in the world.