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| assets = {{decrease}}{{INRConvert|60784.32|c}} (2020)<ref name="Balance Sheet 2020"/>
| assets = {{decrease}}{{INRConvert|60784.32|c}} (2020)<ref name="Balance Sheet 2020"/>
| equity = {{decrease}}{{INRConvert|28651.65|c}} (2020)<ref name="Balance Sheet 2020"/>
| equity = {{decrease}}{{INRConvert|28651.65|c}} (2020)<ref name="Balance Sheet 2020"/>
| current_share_price = {{increase}}{{INRConvert|55.45|c}} (2022)<ref name="Share price as on 15th Feb"/>
| num_employees = 31,708(March 2021)<ref>https://www.bseindia.com/bseplus/AnnualReport/500103/5001030319.pdf</ref>
| num_employees = 31,708(March 2021)<ref>https://www.bseindia.com/bseplus/AnnualReport/500103/5001030319.pdf</ref>
| parent = [[Ministry of Heavy Industries]] , [[Government of India]]
| parent = [[Ministry of Heavy Industries]] , [[Government of India]]

Revision as of 20:43, 15 February 2022

Bharat Heavy Electricals Limited
Company typeGovernment of India Enterprise
ISININE257A01026
IndustryElectrical equipment
Founded1956; 68 years ago (1956)
FounderGovernment of India
Headquarters
New Delhi
,
India
Area served
Worldwide
Key people
Nalin Shinghal
(Chairman & Managing Director)
ProductsGas and Steam Turbines
Boilers
Electric Motors
Electric Locomotives
Generators
Heat Exchangers
Switchgears and Sensors
Automation and Control Systems
Power electronics
Transmission systems
RevenueDecrease₹22,066.64 crore (US$2.6 billion) (2020) [1]
Decrease₹−155.16 crore (US$−19 million) (2020)[1]
Decrease₹−1,472.97 crore (US$−180 million) (2020)[1]
Total assetsDecrease₹60,784.32 crore (US$7.3 billion) (2020)[1]
Total equityDecrease₹28,651.65 crore (US$3.4 billion) (2020)[1]
OwnerGovernment of India (63.17%)
Number of employees
31,708(March 2021)[2]
ParentMinistry of Heavy Industries , Government of India
Websitewww.bhel.com Edit this at Wikidata

Bharat Heavy Electricals Limited (BHEL) is an Indian government owned engineering and manufacturing enterprise based in New Delhi, India. It is under the ownership of Ministry of Heavy Industries, Government of India. Established in 1956, BHEL is India's largest power generation equipment manufacturer.

History

BHEL was established in 1956 ushering in the Heavy Electrical Equipment industry in India. Heavy Electricals (India) Limited was merged with BHEL in 1974.[4] When it was set up in 1956, BHEL was envisaged as a plain manufacturing PSU, with technological help from the Soviet Union.[5] In 1980's it was cutting edge in thyristor technology.[6] In 1991, BHEL was converted into a public company. Over time, it developed the capability to produce a variety of electrical, electronic, and mechanical equipment for various sectors, including transmission, transportation, oil and gas, and other allied industries.[4] However, the bulk of the company's revenue is still derived from the sale of power generation equipment such as turbines and boilers. As of 2017, equipment supplied by BHEL constituted around 55% of the total installed power generation capacity in India.[7] The company also supplies electric locomotives to the Indian Railways and defence equipment such as the Super Rapid Gun Mount (SRGM) naval guns manufactured in partnership with the Ordnance Factory Board and simulators to the Indian Armed Forces.[4][8]

Operations

BHEL-made WAG-7 with freight
File:GMO WAG9HC 32548.jpg
BHEL-built 6,000 HP electric locomotive WAG9H. It is equipped with state-of-the-art Insulated Gate Bipolar Transistors (IGBT) based 3-phase propulsion system with regenerative braking system.
Two-seat training monoplane Bharat Swati built by BHEL
Super Rapid Gun Mount (SRGM) 76/62 naval gun built by BHEL

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 16 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.[9]

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.[10]

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.[11]

Initiatives

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 Crore 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. 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.[12]

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.[13]

Criticism

BHEL is selected to construct 1340-megawatt Rampal coal power plant in Rampal Upazila, Bangladesh, which is close to the Sundarbans mangrove forest. The power plant is set up by Bangladesh-India Friendship Power Company Pvt. Limited — a joint venture between NTPC Limited and Bangladesh Power Development Board.[14] The project has faced criticism for the environmental impact and the potential harm to the largest mangrove forest in the world.[15][16][17] In 2017 Norway's sovereign wealth fund removed BHEL from its investment portfolio over concerns about the Rampal coal plant.[18][19]

See also

References

  1. ^ a b c d e "Balance Sheet 31.03.2020".
  2. ^ https://www.bseindia.com/bseplus/AnnualReport/500103/5001030319.pdf
  3. ^ Cite error: The named reference Share price as on 15th Feb was invoked but never defined (see the help page).
  4. ^ a b c "Company History – Bharat Heavy Electricals Ltd". Economic Times. Retrieved 29 September 2013.
  5. ^ "BHEL & Bharat Electronics, two PSUs in top R&D spenders in India". Economic Times. Retrieved 28 December 2010.
  6. ^ "Company History – Bharat Heavy Electricals Ltd". slideshare. Retrieved 21 July 2015.
  7. ^ http://www.bhel.com/financial_information/pdf/15-16/BHEL%20Annual%20Report%202015-16.pdf
  8. ^ Correspondent, Our (6 January 2006). "Ordnance Factory Board develops advanced rifles" – via Business Standard. {{cite web}}: |last= has generic name (help)
  9. ^ "About us". BHEL.com. 31 March 2013. Archived from the original on 1 December 2017. Retrieved 29 September 2013.
  10. ^ "Bharat Heavy Electricals Ltd" (Press release). Bhel.com. 7 April 2016. Retrieved 10 May 2018.
  11. ^ "Bharat Heavy Electricals Ltd". Bhel.com. Archived from the original on 1 December 2017. Retrieved 10 May 2018.
  12. ^ "Bharat Heavy Electricals Ltd". Bhel.com. 31 March 2017. Retrieved 10 May 2018.
  13. ^ "Research & Development". BHEL. Retrieved 29 September 2013.
  14. ^ Khan, Sharier. "India's Bhel gets Rampal contract". The Daily Star. Retrieved 18 January 2016.
  15. ^ "Shift Rampal power plant, save Sundarbans". theindependentbd.com. Retrieved 18 January 2016.
  16. ^ "Rampal power plant puts the Sundarbans in crossfire". Prothom Alo. Archived from the original on 14 March 2016. Retrieved 18 January 2016.
  17. ^ "Rampal plant to doom Sundarbans: Study". www.dhakatribune.com. Retrieved 18 January 2016.
  18. ^ "Norway excludes India's BHEL over Rampal power plant". Dhaka Tribune. 6 May 2017. Retrieved 6 May 2017.
  19. ^ AFP (5 May 2017). "Norway wealth fund drops BHEL from its portfolio over environmental concerns". livemint.com. Retrieved 6 May 2017.
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