Bharat Heavy Electricals
Public (NSE: BHEL, BSE: 500103 )
BSE SENSEX Constituent
CNX Nifty Constituent
|Headquarters||New Delhi, India|
|Key people||B.Prasada Rao, (Chairman & MD)|
|Products||Includes (Gas and Steam Turbines), Boilers, generators, Heat Exchangers, Pumps, switchgears, sensors, Automation and Control Systems, Power electronics, Transmission system controls etc|
|Revenue||INR 50,156 Crores (US$ 9.23 billion) (2012-13)|
|Net income||INR 6,615 Crores (US$ 1.22 billion) (2012-13)|
|Total assets||INR 71,753 Crores (US$ 13.21 billion) (2012-13)|
|Total equity||INR 30,533 Crores (US$ 5.62 billion) (2012-13)|
|Employees||48,399 (March 2013)|
Bharat Heavy Electricals Limited (BHEL) owned by Government of India, is a power plant equipment manufacturer and operates as an engineering and manufacturing company based in New Delhi, India. Established in 1964, BHEL is India's largest engineering and manufacturing company of its kind. The company has been earning profits continuously since 1971-72 and paying dividends uninterruptedly since 1976-77.
BHEL was established in 1964. Heavy Electrical (India) Ltd was merged with BHEL in 1974. In 1982, it entered into power equipments, 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.
It is engaged in the design, engineering, manufacture, 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.
With a widespread network of 17 manufacturing units, two repair units, four regional offices, eight service centres, eight overseas offices, 15 regional centres, seven joint ventures, and infrastructure to execute more than 150 project sites across India and abroad, BHEL provides products, systems and services to customers efficiently and at competitive prices. The company has established 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 2013-14 with 72% market share in the Power Sector, even while operating in a difficult business environment. Improved focus on project execution enabled BHEL record highest ever commissioning/synchronization of 13,452 MW of power plants in domestic and international markets in 2013-14, marking a 30% increase over 2012-13. The company has added more than 1,24,000 MW to the country's installed power generating capacity so far.
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, the UAE, Bhutan, Egypt and New Zealand. Their physical exports range from turnkey projects to after sales services.
Main manufacturing facilities
- Electronics Division (EDN), Bangalore
- Industrial Systems Group (ISG), Bangalore
- Electro-Porcelains Division (EPD), Bangalore
- Heavy electrical Plant (HEP), Bhopal
- Industrial Valves Plant (IVP), Goindwal
- Heavy Electrical Equipment Plant(HEEP), Haridwar
- Central Foundry Forge Plant (CFFP), Haridwar
- Heavy Power Equipment Plant, Hyderabad
- Insulator Plant (IP), Jagdishpur
- Centralised Stamping Unit & Fabrication Plant (CSU & FP), Jagdishpur
- Transformer Plant, Jhansi
- Boiler Auxiliaries Plant (BAP), Ranipet
- Component Fabrication Plant (CFP), Rudrapur
- High Pressure Boiler Plant (HPBP), Tiruchirapalli
- Seamless Steel Tube Plant (SSTP), Tiruchirapalli
- Power Plant Piping Unit, Thirumayam
- Heavy Plates & Vessels Plant (HPVP), Visakhapatnam
The company is also setting up a new Greenfield Power Equipment Fabrication Plant 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
- Thermal power Plants 
- Nuclear power Plants
- Gas based power Plants
- Hydro power Plants
- DG power Plants
- Boilers (steam generator)
- Boiler Auxiliaries
- Gas generator
- Hydro generator
- Steam turbine
- Gas turbine
- Hydro turbine
- Oil field equipment (OFE)
- Boiler drum
- Piping Systems
- Soot Blowers
- Seamless Steel Tubes
- Condenser and Heat exchanger
- Desalination and Water treatment plants
- Automation and Control Systems
- Power electronics
- Transmission system control
- Semiconductor Devices
- Solar Photo voltaics
- Software System Solution
- Bus ducts
- Control panel
- Electrical machines
- Control gear
- Traction motors
- Research and development products
|Shareholders (as on 30-Mar-2014)||Shareholding|
|Central Government of India and State governments||63.06%|
|Foreign Institutional Investors (FII)||16.14%|
|Banks, Financial Institutions and Mutual Funds||05.46%|
Awards and recognitions
- It is the 7th largest power equipment manufacturer in the world.
- BHEL received the National Intellectual Property Award 2014 and WIPO Award for Innovative Enterprises 2014
- In 2013, BHEL won ICAI National Award for Excellence in Cost Management for the eighth consecutive year.
- BHEL received two awards in CII-ITC Sustainability Awards 2012 from the President of India.
- In the year 2011, it was ranked ninth most innovative company in the world by US business magazine Forbes.
- The company won the prestigious ‘Golden Peacock Award for Occupational Health & Safety 2011’ for significant achievements in the field of Occupational Health & Safety.
- It is also placed at 4th place in Forbes Asia's Fabulous 50 List of 2010.
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 Rs. 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 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; 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.
- "Annual Report 2012-13". BHEL. 14 Aug 2013. Retrieved 29 September 2013.
- "Company History - Bharat Heavy Electricals Ltd.". Economic Times. Retrieved 29 September 2013.
- "About us". BHEL.com. 31 March 2013. Retrieved 29 September 2013.
- BHEL Planning 600MW Solar Module Manufacturing Facility - Renew India Campaign - solar photovoltaic, Indian Solar News, Indian Wind News, Indian Wind Market. Renewindians.com (2012-12-10). Retrieved on 2013-07-29.
- "Products and services". http://www.bhel.com. BHEL. Retrieved 27 June 2014.
- "BHEL wins ICAI National Award for Excellence in cost management". Economic Times. 28 August 2013. Retrieved 29 September 2013.
- "BHEL bags CII-ITC sustainability award". The Hindu. 18 January 2013. Retrieved 29 September 2013.
- Forbes. "The world's most innovative companies". Student.
- "Outlook". Hindu.com. Retrieved 2010-12-22.
- "Research & Development". BHEL. Retrieved 29 September 2013.
18. ^ BHEL Varanasi
- Official website
- BHEL at Reuters
- BHEL at Times of India
- BHEL at Bombay Stock Exchange of India
- BHEL at National Stock Exchange of India