By Pervez Bari
Bhopal, February 06: One of India''s largest Public Sector Undertaking the Bharat Heavy Electricals Limited, (BHEL), along with Gas Authority of India Ltd. (GAIL) have been granted the "Maharatna" status by the Government of India. There are now seven “Maharatna” companies--ONGC, Indian Oil, GAIL, BHEL, NTPC and CIL in India.
According to an official release the "Maharatna" scheme is aimed at giving enhanced powers to the boards of identified large-sized "Navratna" Central Public Sector Enterprises (CPSEs) so as to facilitate expansion of their operations, both in domestic as well as global markets.
In the case of BHEL and GAIL, they can exercise their "Maharatna" powers only after having requisite number of non-official directors on their respective boards.
"The concerned administrative ministries of the two CPSEs have been asked to take immediate steps to appoint requisite number of non-official directors on the boards of BHEL and GAIL so that the boards could exercise delegated Maharatna powers," the release stated.
Meanwhile, consistent high performance, while operating in a highly competitive environment and fulfilment of the required eligibility criteria has enabled power equipment maker BHEL to attain the "Maharatna" status.
BHEL have the capability to manufacture the entire range of Power equipment besides being active in the fields of Rail Transportation, Power Transmission, Oil & Gas, Defence, Renewable and other Industrial segments. The company attained a turnover of Rs.49,510 Crore and net profit of Rs.7,040 Crore in the year 2012.
The "Maharatna" status will help BHEL realize its long term objectives and reach a turnover of Rs.One lac Crore by 2016-17.
The company will be able to pursue several growth opportunities in the areas of Transportation, Renewable, Transmission, etc. in addition to its core area of Power Generation. It will also enable the company to tap big ticket opportunities for equity participation in large size international projects to gain access to technology, engineered materials and market.
It may be pointed out here that a “Maharatna” firm can take investment decision of up to Rs.5,000 crore without going to the government. A company qualifying for the Maharatna status should have an average annual turnover of more than Rs.25,000 crore in the last three years, according to the guidelines. Among others, the PSU must have a net worth of over Rs.15,000 crore and net profit of more than Rs.5,000 crore during the last three years.
One of the Largest engineering & manufacturing companies in India
Meanwhile, it my be mentioned here that BHEL are an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies in India in terms of turnover. BHEL were established in 1964, ushering in the indigenous Heavy Electrical Equipment industry in India - a dream that has been more than realized with a well-recognized track record of performance. The company has been earning profits continuously since 1971-72 and paying dividends since 1976-77.
BHEL are 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 (Railway), Renewable Energy, Oil & Gas and Defence. BHEL have 15 manufacturing divisions, two repair units, four regional offices, eight service centres and 15 regional centres and currently operate at more than 150 project sites across India and abroad.
The high level of quality & reliability of our 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 its own R&D centres. Most of our 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).
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 has also won the coveted CII-Thompson Reuters Innovation Award 2010 in the ''Hi-tech Corporate'' category. The award recognises BHEL''s innovation and entrepreneurship in India based on number of patents and efficiency and impact of innovation as measured by patent citations.
The company''s Corporate R&D division at Hyderabad leads BHEL''s research efforts in a number of areas of importance to BHEL''s product range. Research and Product Development (RPD) centres at all its manufacturing divisions play a complementary role. The manufacturing divisions of BHEL are located at Bhopal, Hardwar, Jhansi, Hyderabad and Bangalore.
BHEL have a share of 59 per cent in India’s total installed generating capacity contributing 69 per cent (approx.) to the total power generated from utility sets (excluding non-conventional capacity) as of March 31, 2012.
BHEL have been exporting their power and industry segment products and services for over 40 years. BHEL’s global references are spread across 75 countries. 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. Their physical exports range from turnkey projects to after sales services.
About BHEL Bhopal Unit
Meanwhile, Bharat Heavy Electrical Plant at Bhopal is the mother plant of Bharat Heavy Electricals Limited, the largest engineering and manufacturing enterprise in India in the energy-related and infrastructure sector, today. With technical assistance from Associated Electricals (India) Ltd., a UK based company, it came into existence on 29th of August, 1956. Pt. Jawaharlal Nehru, the first Prime Minister of India dedicated this plant to the nation on 6th of November, 1960.
BHEL, Bhopal with state-of-the-art facilities, manufactures wide range of electrical equipments. It’s product range includes Hydro, Steam, Marine & Nuclear Turbines, Heat Exchangers, Hydro & Turbo Generators, Transformers, Switchgears, Control gears, Transportation Equipment, Capacitors, Bushings, Electrical Motors, Rectifiers, Oil Drilling Rig Equipments and Diesel Generating sets.
BHEL, Bhopal Unit certified to ISO: 9001, ISO 14001 and OHSAS 18001, is moving towards excellence by adopting TQM as per EFQM / CII model of Business Excellence. Heat Exchanger Division is accredited with ASME ‘U’ Stamp. It has its own Laboratories for material testing and instrument calibration which are accredited with ISO 17025 by NABL. The Hydro Laboratory, Ultra High Voltage laboratory and Centre for Electric Transportation are the only laboratories of its in this part of the world. (pervezbari@eth.net)
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