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* [http://www.reuters.com/finance/stocks/overview?symbol=BHEL.NS BHEL at Reuters]
* [http://www.reuters.com/finance/stocks/overview?symbol=BHEL.NS BHEL at Reuters]
* [http://timesofindia.indiatimes.com/topic/BHEL/news/ BHEL at Times of India]
* [http://timesofindia.indiatimes.com/topic/BHEL/news/ BHEL at Times of India]
* [http://ssconlinenews.in/bhel-recruitment/20813/ BHEL Haridwar]
* [http://www.bseindia.com/stock-share-price/bharat-heavy-electricals-ltd/bhel/500103/ BHEL at Bombay Stock Exchange of India]
* [http://www.bseindia.com/stock-share-price/bharat-heavy-electricals-ltd/bhel/500103/ BHEL at Bombay Stock Exchange of India]
* [http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=BHEL BHEL at National Stock Exchange of India]
* [http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=BHEL BHEL at National Stock Exchange of India]

Revision as of 12:40, 15 June 2016

Bharat Heavy Electricals Limited
भारत भारी इलेक्ट्रिकल्स लिमिटेड
Company typePublic Sector enterprise,Maharatna Company
IndustryElectrical equipments
Founded1964
FounderGovernment of India
Headquarters
New Delhi
,
India
Area served
Worldwide
Key people
Atul Sobti, (Chairman & MD)
ProductsGas and Steam Turbines, Boilers, Electric Motors, Generators, Heat Exchangers, Pumps, Switchgears, Sensors, Automation and Control Systems, Power electronics, Transmission systems etc.
Revenue₹267.000 billion (US$3.2 billion) (2015)[1]
₹0.877 billion (US$11 million) (Loss)
Total assets₹752.4257 billion (US$9.0 billion)
Total equity₹331.5687 billion (US$4.0 billion)
Number of employees
47,525 (March 2014)
Websitewww.bhel.com

Bharat Heavy Electricals Limited (BHEL) owned by the 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.

It has been granted the prestigious Maharatna (big gem) status in 2013 by Govt of India for its outstanding performance.The elite list of maharatna contains another 6 behemoth PSU companies of India.

History

BHEL was established in 1964 Heavy Electricals (India) Limited was merged with BHEL in 1974.[2] 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.[2] 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.[2]

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.[3]

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.[4]

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.[5]

Main manufacturing facilities

  • Centralised Stamping Unit & Fabrication Plant (CSU & FP), Jagdishpur
  • Insulator Plant (IP), Jagdishpur
  • Electronics Division (EDN), Bangalore
  • Electronic System Division (ESD), Bangalore
  • Electro-Porcelains Division (EPD), Bangalore
  • Heavy Electrical Plant (HEP), Bhopal
  • Industrial Valves Plant (IVP), Goindwal
  • Heavy Electrical Equipment Plant (HEEP), Ranipur (Haridwar)
  • Central Foundry Forge Plant (CFFP), Ranipur (Haridwar)
  • Heavy Power Equipment Plant (HPEP), Hyderabad
  • Transformer Plant (TP), Jhansi
  • Boiler Auxiliaries Plant (BAP), Ranipet
  • Component Fabrication Plant (CFP), Rudrapur
  • High Pressure Boiler Plant (HPBP), Tiruchirappalli
  • Seamless Steel Tube Plant (SSTP), Tiruchirappalli
  • Power Plant Piping Unit (PPPU), Thirumayam
  • Heavy Plates & Vessels Plant (HPVP), Visakhapatnam

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.[6]

Products and services

Shareholding

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.[8]

Shareholders (as on 31-December-2014) Shareholding[9]
Central Government of India and State governments 63.06%
Foreign Institutional Investors (FII) 15.95%
Insurance companies 10.52%
Banks, Financial Institutions and Mutual Funds 06.80%
Individual shareholders 02.33%
Others 1.34%
Total 100.00%

Awards and recognitions

  • BHEL wins India Pride Award 2015-16 for Excellence in Heavy Industries.[10]
  • It is the 7th largest power equipment manufacturer in the world.
  • BHEL was adjudged the Best Power Equipment Manufacturing Organisation by CBIP [11]
  • The company bagged PSE Excellence Award 2014 for R&D & Technology Development
  • BHEL received the National Intellectual Property Award 2014 and WIPO Award for Innovative Enterprises [12]
  • In 2014, BHEL won ICAI National Award for Excellence in Cost Management for the ninth consecutive year.[13]
  • BHEL received two awards in CII-ITC Sustainability Awards 2012 from the President of India.[14]
  • In the year 2011, it was ranked ninth most innovative company in the world by US business magazine Forbes.[15]
  • The company won the prestigious ‘Golden Peacock Award for Occupational Health & Safety 2011’ for significant achievements in the field of Occupational Health & Safety.[16]
  • It is also placed at 4th place in Forbes Asia's Fabulous 50 List of 2010.[17]
  • BHEL wins MoU Excellence Award for the year 2006–07 for the highest growth rate in Market Capitalization.[18]

Initiatives

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; 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.[19]

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.[20]

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.[21][22][23][24][25]

Financial Results

Financial Results of FY2015-16 (Un-audited)[1]

Loss = INR 877 crore

Revenue = INR 26,700 Crore

Order inflows = Rs 49,727 crore

See also

References

  1. ^ a b http://m.moneycontrol.com/news/results/bhel-fy16-loss-at-rs-877cr-(provisional)-order-inflows-jump-42_6173861.html
  2. ^ a b c "Company History - Bharat Heavy Electricals Ltd". Economic Times. Retrieved 29 September 2013.
  3. ^ "About us". BHEL.com. 31 March 2013. Retrieved 29 September 2013.
  4. ^ http://www.bhel.com/press_release/press_pop.php?press_id=842
  5. ^ http://www.bhel.com/about.php
  6. ^ 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.
  7. ^ "Products and services". http://www.bhel.com. BHEL. Retrieved 27 June 2014. {{cite web}}: External link in |website= (help); Italic or bold markup not allowed in: |publisher= (help)
  8. ^ http://www.bhel.com/investor_relations/investor.php
  9. ^ http://www.bhel.com/dynamic_files//press_files/pdf/SHP31122014_2.pdf
  10. ^ http://www.bhel.com/press_release/press_pop.php?press_id=827
  11. ^ http://www.bhel.com/press_release/press_pop.php?press_id=711
  12. ^ http://www.bhel.com/press_release/press_pop.php?press_id=699
  13. ^ http://www.bhel.com/press_release/press_pop.php?press_id=695
  14. ^ "BHEL bags CII-ITC sustainability award". The Hindu. 18 January 2013. Retrieved 29 September 2013.
  15. ^ Forbes. "The world's most innovative companies". Student.
  16. ^ "Annual Report 2012-13" (PDF). BHEL. 14 August 2013. Retrieved 29 September 2013.
  17. ^ "Outlook". Hindu.com. Retrieved 22 December 2010.
  18. ^ "BHEL Awards"
  19. ^ http://www.bhel.com/about_rd.php
  20. ^ "Research & Development". BHEL. Retrieved 29 September 2013.
  21. ^ Khan, Sharier. "India's Bhel gets Rampal contract". The Daily Star. Retrieved 18 January 2016.
  22. ^ "Shift Rampal power plant, save Sundarbans". theindependentbd.com. Retrieved 18 January 2016.
  23. ^ "'Rampal power plant puts the Sundarbans in crossfire'". Prothom Alo. Retrieved 18 January 2016.
  24. ^ "Rampal power plant: A project of deception and mass destruction". The Opinion Pages. Retrieved 18 January 2016.
  25. ^ "Rampal plant to doom Sundarbans: Study". www.dhakatribune.com. Retrieved 18 January 2016.

18. ^ BHEL Varanasi

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