Bharat Heavy Electricals

Bharat Heavy Electricals Limited
भारत भारी इलेक्ट्रिकल्स लिमिटेड
Public
Industry Electrical equipments
Founded 1964
Founder Government of India
Headquarters New Delhi, India
Area served
 Worldwide
Key people
 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 ₹28,871 crore (US$4.5 billion) (2017)[1]
₹455 crore (US$71 million) (2017)
Total assets ₹61,347 crore (US$9.6 billion)
Total equity ₹490 crore (US$76 million)
Number of employees
 ~ 39821 (31-03-2017)
Website www.bhel.com


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.

It was granted the prestigious Maharatna (big gem) status in 2013 by Govt of India for its outstanding track record and vast scale of operations. 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 from the Government.

History

BHEL was established in 1964 ushering in the indigenous Heavy Electrical Equipment industry in India. Heavy Electricals (India) Limited was merged with BHEL in 1974.[2] In 1991, BHEL was converted into a public limited company. Over time, 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] However, the bulk of the revenue of the company is derived from sale of equipment for power generation such as turbines, boilers, etc. As of 2017, BHEL supplied equipment contributed to about 55% of the total installed power generation capacity of India.[3] The company has also supplied thousands of Electric Locomotives to Indian Railway,[2] as well as defence equipment such as the Super Rapid Gun Mount (SRGM) naval guns and Defence Simulators to the Indian Armed Forces.

Operations

BHEL-made WAG7 of Erode Loco shed hauling freight

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.[4]

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.[5]

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.[6]

Manufacturing facilities

Major manufacturing facilities

  1. High Pressure Boiler Plant (HPBP), Tiruchirappalli
  2. Heavy Electrical Plant (HEP), Bhopal
  3. Heavy Electrical Equipment Plant (HEEP), Ranipur (Haridwar)
  4. Heavy Power Equipment Plant (HPEP), Hyderabad
  5. Boiler Auxiliaries Plant (BAP), Ranipet
  6. Transformer Plant (TP), Jhansi
  7. Electronics Division (EDN), Bangalore

Other manufacturing facilities

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.[7]

Besides the above, the company has a number of offices across the country for sales, engineering, project management, logistics and R&D.

Products and services

Shareholding and Senior Management

BHEL's equity shares are listed on Bombay Stock Exchange and National Stock Exchange of India.
Central Government of India holds majority of the shares of BHEL.[9]

Shareholders (as on 31-March-2016) Shareholding[3][10]
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%
Individual shareholders 3.19%
Others 1.41%
Total 100.00%

Top Management[11] (As of 1 March 2017)

Six "Functional Directors" headed by the Chairman and Managing Director ("CMD") comprise the executive leadership of the company.

Functional Directors are also members of the Board of Directors. The CMD is the Chairman of the Board.

Position Current Incumbent
Chairman and Managing Director Atul Sobti
Director (Power) Akhil Joshi
Director (Finance) T. Chockalingam
Director (Human Resources) D. Bandhopadhyay
Director (Industrial Systems and Products) Amitabh Mathur
Director (Engineering, Research & Development) Subrata Biswas

Awards and recognitions

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.[22]

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.[23]

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.[24][25][26][27][28] In 2017 Norway’s sovereign wealth fund removed BHEL from its investment portfolio over concerns about the Rampal coal plant.[29][30]

See also

References

  1. ↑ (PDF) http://www.bhel.com/financial_information/pdf/audited_results1617.pdf. Missing or empty |title= (help)
  2. 1 2 3 "Company History - Bharat Heavy Electricals Ltd.". Economic Times. Retrieved 29 September 2013.
  3. 1 2 http://www.bhel.com/financial_information/pdf/15-16/BHEL%20Annual%20Report%202015-16.pdf
  4. ↑ "About us". BHEL.com. 31 March 2013. Retrieved 29 September 2013.
  5. ↑ http://www.bhel.com/press_release/press_pop.php?press_id=842
  6. ↑ http://www.bhel.com/about.php
  7. ↑ 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.
  8. ↑ "Products and services". http://www.bhel.com. BHEL. Retrieved 27 June 2014. External link in |website= (help)
  9. ↑ http://www.bhel.com/investor_relations/investor.php
  10. ↑ "Annual Report 2015-2016" (PDF). BHEL official website.
  11. ↑ "Whole Time Directors on the Board of Directors". Department of Public Enterprises Database.
  12. ↑ http://www.dailypioneer.com/state-editions/dehradun/bhel-commissions-two-units-of-14-mw-at-salma-hep-in-afghanistan.html
  13. ↑ http://www.bhel.com/press_release/press_pop.php?press_id=827
  14. ↑ http://www.bhel.com/press_release/press_pop.php?press_id=711
  15. ↑ http://www.bhel.com/press_release/press_pop.php?press_id=699
  16. ↑ http://www.bhel.com/press_release/press_pop.php?press_id=695
  17. ↑ "BHEL bags CII-ITC sustainability award". The Hindu. 18 January 2013. Retrieved 29 September 2013.
  18. ↑ Forbes. "The world's most innovative companies". Student.
  19. ↑ "Annual Report 2012-13" (PDF). BHEL. 14 Aug 2013. Retrieved 29 September 2013.
  20. ↑ "Outlook". Hindu.com. Retrieved 2010-12-22.
  21. ↑ "BHEL Awards"
  22. ↑ http://www.bhel.com/about_rd.php
  23. ↑ "Research & Development". BHEL. Retrieved 29 September 2013.
  24. ↑ Khan, Sharier. "India's Bhel gets Rampal contract". The Daily Star. Retrieved 18 January 2016.
  25. ↑ "Shift Rampal power plant, save Sundarbans". theindependentbd.com. Retrieved 18 January 2016.
  26. ↑ "‘Rampal power plant puts the Sundarbans in crossfire’". Prothom Alo. Retrieved 18 January 2016.
  27. ↑ "Rampal power plant: A project of deception and mass destruction". The Opinion Pages. Retrieved 18 January 2016.
  28. ↑ "Rampal plant to doom Sundarbans: Study". www.dhakatribune.com. Retrieved 18 January 2016.
  29. ↑ "Norway excludes India's BHEL over Rampal power plant | Dhaka Tribune". Dhaka Tribune. 2017-05-06. Retrieved 2017-05-06.
  30. ↑ 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 |work= (help)
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