Bharat Heavy Electricals

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Bharat Heavy Electricals Limited
Type State-owned enterprise
Public (NSEBHEL, BSE500103 )
BSE SENSEX Constituent
CNX Nifty Constituent
Industry Electrical equipment
Founded 1964
Headquarters New Delhi, India
Area served Worldwide
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 Increase INR 50,156 Crores (US$ 9.23 billion) (2012-13)[1]
Net income Increase INR 06,615 Crores (US$ 1.22 billion) (2012-13)[1]
Total assets Increase INR 71,753 Crores (US$ 13.21 billion) (2012-13)[1]
Total equity Increase INR 30,533 Crores (US$ 05.62 billion) (2012-13)[1]
Employees 48,399 (March 2013)[1]
Website www.bhel.com

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. In recognition of its consistent high performance, BHEL has been conferred with the 'Maharatna' status by the Government of India on 1 February 2013. It is now one among seven Maharatna PSEs.[2][3][4]

History[edit]

BHEL was established in 1964. Heavy Electrical (India) Ltd was merged with BHEL in 1974.[5] 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.[5] 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.[5]

Operations[edit]

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 places strong emphasis on innovation and development of new technologies. Its research and development (R&D) efforts enables a strong customer orientation for responding to changes in the market. The high level of quality & reliability of its products is due to adherence to international standards by acquiring and adapting some of the best technologies from leading companies in the world including General Electric Company, Alstom SA, Siemens AG and Mitsubishi Heavy Industries Ltd., together with technologies developed in our own R&D centres. Most of its manufacturing units and other entities have been accredited to Quality Management Systems (ISO 9001:2008), Environmental Management Systems (ISO 14001:2004) and Occupational Health & Safety Management Systems (OHSAS 18001:2007).[6]

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. Our physical exports range from turnkey projects to after sales services.[7]

Main manufacturing facilities[edit]

Entrance to BHEL Ranipur, Haridwar plant.
  • 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.[8]

Products and services[edit]

Indian Railways WCAM 3 manufactured by BHEL

Shareholding[edit]

BHEL's equity shares are listed on Bombay Stock Exchange and National Stock Exchange of India.
Central Government of India and State governments in India hold majority of the shares of BHEL.[10]

Shareholders (as on 30-Mar-2014) Shareholding[11]
Central Government of India and State governments 63.06%
Foreign Institutional Investors (FII) 16.14%
Insurance companies 11.01%
Banks, Financial Institutions and Mutual Funds 05.46%
Individual shareholders 02.89%
Others 01.44%
Total 100.00%

Employees[edit]

The organisation believes that their greatest strength is the highly skilled and committed workforce of 48,399 employees. Every employee is given an equal opportunity to develop himself/herself and grow in his/her career. Continuous training and retraining, career planning, a positive work culture and participative style of management - all these have engendered development of a committed and motivated workforce setting new benchmarks in terms of productivity, quality and responsiveness. During 2012-13, 7 of its employees won the Prime Minister's 'Shram' Awards and 13 employees won the 'Vishwakarma Rashtriya Puraskar'.[1]
Sh. B.P. Rao, the CMD of BHEL, won Power Man of the Year Award in 2012 for individual contribution to the power sector in India.[12]

Awards and recognitions[edit]

  • 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[13]
  • BHEL won the DSIJ Award 2013 for the Most Efficient Maharatna PSU
  • It won the Golden Peacock Award 2013 for Innovation Management
  • The company received the India Pride Award 2013 for Excellence in Heavy Industries
  • BHEL also won the India Pride Award 2013 for Excellence in Heavy Industries
  • BHEL was conferred with the BGR-ENERTIA Commemoration Award for Technology Enterprise Innovation - Conventional Energy
  • It was awarded for CSR Initiatives on Health Care
  • In 2013, BHEL won ICAI National Award for Excellence in Cost Management for the eighth consecutive year.[14]
  • BHEL received two awards in CII-ITC Sustainability Awards 2012 from the President of India.[15]
  • In the year 2011, it was ranked ninth most innovative company in the world by US business magazine Forbes.[16]
  • The company won the prestigious ‘Golden Peacock Award for Occupational Health & Safety 2011’ for significant achievements in the field of Occupational Health & Safety.[1]
  • It is also placed at 4th place in Forbes Asia's Fabulous 50 List of 2010.[17]

Initiatives[edit]

Research and development[edit]

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.[18]

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.[19]

Sustainable Development[edit]

The concept of sustainability has been ingrained in the DNA of BHEL which is evident from the Mission Statement – “Providing Sustainable Business solutions in the fields of Energy, Industry & Infrastructure”.

BHEL is committed to be an Environment friendly company in all its areas of activities, products and services, providing a safe and healthy working environment. In line with the company’s strategy, Environment Improvement Projects (EIP) and Sustainable Development (SD) projects are given special thrust. Some of the major EIP / SD projects executed in the past at BHEL plants and townships included tree plantation drives, installation of rain harvesting systems, efficient water management, reduction in noise level, improvement in chemical storage and handling systems, renewable energy generation through solar panels, energy conservation and energy efficiency, responsible waste management, etc.

The company is also putting in efforts to minimize the carbon footprint of organizational activities. Further it is making all efforts to help the customers reduce the carbon footprint by offering cleaner technologies. To address the broader issue of global warming through mitigation of carbon footprint in in-house activity, 250 kW solar power plants have been set up at the company’s Bhopal unit as well as R&D Hyderabad. Roof top solar plants of various capacities have also been set up at in Tiruchirappalli, EDN Bangalore, ESD Bangalore, etc. Currently a 5 MWp grid-interactive solar power plant is being set up at BAP Ranipet unit.

BHEL is very conscious towards environment friendly management of air, water, waste & hazardous materials. Manufacturing units and power sector regions of BHEL are accredited to international standards viz. ISO-14001 certification for environmental management and OHSAS-18001 certification for occupational health and safety management systems.

Corporate social responsibility[edit]

BHEL continues to act as a responsible corporate citizen committed to working for the welfare of society through inclusive growth aimed at capacity building, empowerment of communities, environment protection, development of backward regions and upliftment of the marginalized and under-privileged sections of the society. BHEL has provisioned a substantial budget for CSR & sustainability activities in line with DPE guidelines for the same.

In line with its CSR commitment, the company supported various social initiatives across the country by undertaking projects in diversified areas like education, community development, health, environmental protection, vocational training, skill development, disaster/calamity management and infrastructure development. BHEL also launched a unique company-wide campaign titled ’Vision to All-BHEL’s Call’ under which more than 52,000 pledges have been received for eye donation from employees, their families, relatives and other support staff of the company. BHEL has also ventured into yet another noble cause for organ donation.

BHEL provides state-of-the-art engineering/training for talent upgradation and training in soft skills to trade apprentices, diploma and engineering degree holders. During 2012-13, 6,139 apprentices were trained in the company. In addition, 8390 students/trainees from various professional institutions underwent vocational training. The company is also providing employability training to 100 youth of Jammu & Kashmir each year under its flagship skill development project- ’UDAAN’ over a period of five years starting from the year 2012-13.

Participation in the UN Global Compact Programme[edit]

As the world’s largest global corporate citizenship initiative, the Global Compact is the first and the foremost concern which is exhibiting and building the social legitimacy of business and markets. BHEL is a life member of United Nations Global Compact (UNGC), India Network. BHEL reiterated its commitment to the United Nations’ Global Compact programme and continued to play a lead role in promoting the set of core values enshrined in its ten principles on human rights, labour standards, environment and anti-corruption and intends to advance UNGC Principles within the company’s sphere of influence and has ingrained it in its strategy, culture and day-to-day operations. The company demonstrated its commitment through regular pooling of communication of progress (COP) on the UNGC website and has also taken a lead role in promoting UNGC principles in other Indian organizations through the Global Compact network by organizing case studies/organizational experience sharing & addressing the Global Compact principles in the Indian context. The company publically advocates UN Global Compact principles to its stakeholders through its Annual Report, Press Conferences and other public communiqués.

See also[edit]

References[edit]

  1. ^ a b c d e f g "Annual Report 2012-13". BHEL. 14 Aug 2013. Retrieved 29 September 2013. 
  2. ^ Dept.of Public Enterprises' list of Maharatna, Navaratna & Miniratna PSUs
  3. ^ "BHEL to be categorised as Maharatna". timesofindia.indiatimes.com. Retrieved 2013-01-17. 
  4. ^ http://dpe.nic.in/sites/upload_files/dpe/files/glch0942_01022013.pdf
  5. ^ a b c "Company History - Bharat Heavy Electricals Ltd.". Economic Times. Retrieved 29 September 2013. 
  6. ^ "About us". BHEL.com. 31 March 2013. Retrieved 29 September 2013. 
  7. ^ http://www.bhel.com/about.php
  8. ^ 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.
  9. ^ "Products and services". http://www.bhel.com. BHEL. Retrieved 27 June 2014. 
  10. ^ http://www.bhel.com/investor_relations/investor.php
  11. ^ http://www.bhel.com/dynamic_files//press_files/pdf/Shareholding%20Pattern%20as%20on%2031.03
  12. ^ "BHEL - CMD bags Power Man of the year". Freepress Journal. 28 November 2012. Retrieved 29 September 2013. 
  13. ^ http://www.bhel.com/press_release/press_pop.php?press_id=656
  14. ^ "BHEL wins ICAI National Award for Excellence in cost management". Economic Times. 28 August 2013. Retrieved 29 September 2013. 
  15. ^ "BHEL bags CII-ITC sustainability award". The Hindu. 18 January 2013. Retrieved 29 September 2013. 
  16. ^ Forbes. "The world's most innovative companies". Student. 
  17. ^ "Outlook". Hindu.com. Retrieved 2010-12-22. 
  18. ^ http://www.bhel.com/about_rd.php
  19. ^ "Research & Development". BHEL. Retrieved 29 September 2013. 

18. ^ BHEL Varanasi

External links[edit]