|Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies in India. The company is also one of the leading international companies in the power field. The company is engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas and Defence. The company is a ISO 9000, ISO 9001-2000, ISO 14001 and OHSAS-18001 certified public sector corporate situated in New Delhi.
The company offers over 180 products and provides systems and services to meet the needs of core sectors like: power, transmission, industry, transportation, oil & gas, non-conventional energy sources and telecommunication. They have a wide-spread network comprising 15 manufacturing divisions, 8 service centers, 4 power sector regional centers, 18 regional offices, besides a large number of project sites spread all over India and abroad. This enables them to be close to its customers and cater to their specialized needs with total solutions - efficiently and economically.
The company has a share of 62% in India`s total installed generating capacity contributing 72% (approx.) to the total power generated from utility sets (excluding non-conventional capacity) as of March 31, 2011. They have been exporting our power and industry segment products and services for approximately 40 years. They have exported their products and services to more than 70 countries. They had cumulatively installed capacity of over 8,500 MW outside of India in 21 countries, including Malaysia, Iraq, the UAE, Egypt and New Zealand. Our physical exports range from turnkey projects to after sales services.
Bharat Heavy Electricals Ltd was incorporated in the year 1964, ushering in the indigenous Heavy Electrical Equipment industry in India. The company has been earning profits continuously since 1971-72 and paying dividends since 1976-77. The company received MOU Award for Excellence in Performance for 2004-05. They won International Asia Pacific Quality Award (IAPQA 2005) from the International Asia Pacific Quality Organization (APQO) for their Ranipet Unit. The company was the first engineering & Manufacturing organization as well as the first PSU in the country to received this award.
During the year 2005-06, the company got FICCI Award for environmental conservation and pollution control, ICWAI National Award for Excellence in Cost Management-2005. During the year 2006-07, the company conferred again the same ICWAI National Award for Excellence in Cost Management-2006. The company was qualified for the Business Standard Star Public Sector Company Award-2006 and also the CII Exim Award. The company is the first public sector company received the CII Exim award.
In April 2007, the company opened a new line of business in the form of Gas Insulated Substations (GIS) in April 2007. The corporate R&D department of the company successfully developed an indigenous GIS. They also bagged the first letter of intent from the Andhra Pradesh Transmission Corporation (APTransco), for installing the first unit in the State. In May 2007, the company signed an MoU with Toshiba of Japan for know-how in higher horsepower locomotives.
In August 2007, Uttar Pradesh government and BHEL came to an agreement for setting a 1,600 Mw thermal power project at Obra. The project has divided into two units of 800 Mw each. The cost of the project is estimated to be Rs 6,400 crore or Rs 4 crore per Mw. The deal covered 50 per cent equity participation by the BHEL and the rest by UP state government. DVC awarded turnkey contracts for setting up Koderma and Durgapur Steel thermal power stations of 1000 mw each to BHEL worth of Rs 6,500 crore.
In September 10, 2007, NTPC Ltd and the company signed an MoU to form a joint venture company to carry out engineering, procurement and construction (EPC) activities in the power sector on "mutually beneficial terms".
In December 2007, the company completed Phase I of its latest modernization drive with an investment of Rs 190 crore, to take their manufacturing capacity to 10,000 MW from 6,000 MW a year. In April 28, 2008, the company and NTPC Ltd incorporated a joint venture company, namely NTPC - BHEL Power Projects Pvt Ltd (NBPPPL) for carrying out EPC activities in the power sector.
In September 1, 2007, the company and PTC incorporated a joint venture company, namely Barak Power Pvt. Ltd. In December 26, 2008, the company in association with TNEP incorporated a joint venture company name Udangudi Power Corporation Ltd to build, own and operate a 1600 MW (2x800 MW) Super Critical Thermal Power Plant at Udangudi.
In April 15, 2009, the company promoted a joint venture company, namely Raichur Power Corporation Ltd with Karnataka Power Corporation Limited (KPCL) for setting up Supercritical Thermal Power Plant at Karnataka on build, own and operate basis.
In February 25, 2010, the company promoted a joint venture company namely Dada Dhuniwale Khandwa Power Ltd, with Madhya Pradesh Power Generating Company Ltd (MPPGCL) for setting up of a 2x800MW Supercritical Thermal Power Plant at Khandwa, Madhya Pradesh on build, own and operate basis.
In July 2010, GE signed a 10-year licensing agreement with the company. According to the agreement, signed through GE Oil & Gas` Italian entity Nuovo Pignone, GE`s advanced range of high performance, high efficiency centrifugal compressors will be manufactured under license at BHEL`s production site in Hyderabad, India, for sale in India and in other South Asian territories..
In September 8, 2010, the company signed a joint venture agreement with Government of Kerala for forming a joint venture company to acquire the Kasargod Unit of KEL which manufactures alternators for Railway Applications and other industrial Applications. In January 19, 2011, the company incorporated, BHEL Electrical Machines Ltd, with the company holding the majority stake of 51% and Government of Kerala retaining 49%.
The company has decided to setting up of a new BHEL plant as Power Equipment Fabrication Plant at Latur, Maharashtra and forwarding the proposal for initiating the process of merger of Bharat Heavy Plate & Vessels Ltd (a wholly owned subsidiary of BHEL) with BHEL, to Department of Heavy Industry.|