Bharat Heavy Electricals
|Founder||Government of India|
|Headquarters||New Delhi, India|
|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.|
|Revenue||₹26,350.60 crore (US$4.1 billion) (2016)|
|₹-897.39 crore (US$−140 million) (Loss)(2016)|
|Total assets||₹75,242.57 crore (US$12 billion)|
|Total equity||₹33,156.87 crore (US$5.1 billion)|
Number of employees
Bharat Heavy Electricals Limited (BHEL) majority-owned and founded 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, except in FY 2015-2016, 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 and vast scale. The elite list of Maharatna companies contains a total of 7 behemoth Public Sector Undertakings (PSUs) of India. Maharatna status affords the Boards of these companies enhanced financial and operational autonomy.
BHEL was established in 1964 Heavy Electricals (India) Limited was merged with BHEL in 1974. 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. However, the bulk of the revenue of the company is derived from the manufacture and erection of equipment for power generation. As of 2016, BHEL supplied equipment contributed to about 55% of the total installed capacity of India. In 1991, BHEL 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.
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
- 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.
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
- Boiler drum
- Piping System
- Soot Blowers
- Seamless Steel Tubes
- Condenser s and Heat exchangers
- Desalination and Water treatment plants
- Automation and Control systems
- Power electronics
- Transmission system control
- Semiconductor devices
- Solar photo voltaics
- Software system solutions
- Bus ducts
- Control panels
- Electrical machines
- DC, AC heavy duty Motors
- Control gears
- Traction motors
- Research and development products
|Shareholders (as on 31-March-2016)||Shareholding|
|Central Government of India||63.06%|
|Foreign Institutional Investors (FII)||13.95%|
|Banks, Financial Institutions, Insurance companies||15.68%|
|Mutual Funds and UTI||2.71%|
Top Management (As of 1 March 2017)
- Atul Sobti, Chairman and Managing Director (CMD)
- Akhil Joshi, Director (Power)
- Amitabh Mathur, Director (Industrial Systems and Products)
- T. Chockalingam, Director (Finance)
- D. Bandhopadhyay, Director (Human Resources)
- Subrata Biswas, Director (Engineering, Research & Development)
Awards and recognitions
- Appreciation shield (June 2016) by the External Affairs Minister Sushma Swaraj and the Union Minister of Water Resources, River Development and Ganga Rejuvenation Uma Bharati for successful commissioning of Salma Dam project in Afghanistan.
- BHEL wins India Pride Award 2015-16 for Excellence in Heavy Industries.
- It is the 7th largest power equipment manufacturer in the world.
- BHEL was adjudged the Best Power Equipment Manufacturing Organisation by CBIP 
- 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 
- In 2014, BHEL won ICAI National Award for Excellence in Cost Management for the ninth 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.
- BHEL wins MoU Excellence Award for the year 2006–07 for the highest growth rate in Market Capitalization.
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.
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.
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. In 2017 Norway’s sovereign wealth fund removed BHEL from its investment portfolio over concerns about the Rampal coal plant.
- List of public sector undertakings in India
- Bharathidasan Institute of Management, a college that functions within the BHEL campus; established in partnership BHEL
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- 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.
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- "'Rampal power plant puts the Sundarbans in crossfire'". Prothom Alo. Retrieved 18 January 2016.
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- "Norway excludes India's BHEL over Rampal power plant | Dhaka Tribune". Dhaka Tribune. 2017-05-06. Retrieved 2017-05-06.
- AFP (2017-05-05). "Norway wealth fund drops BHEL from its portfolio over environmental concerns". http://www.livemint.com/. Retrieved 2017-05-06. External link in