type 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 26 350.60 crore us 3.9 billion 2016 1 net income 897.39 crore us 130 million profit 2016 total assets 75 242.57 crore us 11 billion total equity 33 156.87 crore us 4.9 billion owner government of india number of employees 47 525 march 2014 website www.bhel.com bharat heavy electricals limited bhel owned 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 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 . contents 1 history 2 operations 2.1 main manufacturing facilities 2.2 products and services 3 awards and recognitions 4 initiatives 4.1 research and development 5 criticism 6 see also 7 references 8 external links history edit 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 edit 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 edit 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 edit thermal power plants 7 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 transformer switchgear oil field equipment boiler drum piping system soot blowers valves seamless steel tubes condenser s and heat exchangers pumps desalination and water treatment plants automation and control systems power electronics transmission system control semiconductor devices solar photo voltaics software system solutions bus ducts insulators control panels capacitors bushings electrical machines dc ac heavy duty motors compressors control gears traction motors research and development products awards and recognitions edit 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 . 8 bhel wins india pride award 2015 16 for excellence in heavy industries . 9 it is the 7th largest power equipment manufacturer in the world . bhel was adjudged the best power equipment manufacturing organisation by cbip 10 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 11 in 2014 bhel won icai national award for excellence in cost management for the ninth consecutive year . 12 bhel received two awards in cii itc sustainability awards 2012 from the president of india . 13 in the year 2011 it was ranked ninth most innovative company in the world by us business magazine forbes . 14 the company won the prestigious golden peacock award for occupational health & safety 2011 for significant achievements in the field of occupational health & safety . 15 it is also placed at 4th place in forbes asia s fabulous 50 list of 2010 . 16 bhel wins mou excellence award for the year 2006 07 for the highest growth rate in market capitalization . 17 initiatives edit research and development edit 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 . 18 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 . 19 criticism edit 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 . 20 21 22 23 24 see also edit list of public sector undertakings in india bharathidasan institute of management a college that functions within the bhel campus ; established in partnership bhel companies portal references edit bhel quarterly results . earnings india . a b c company history bharat heavy electricals ltd. . economic times . retrieved 29 september 2013 . about us . bhel.com . 31 march 2013 . retrieved 29 september 2013 . http www.bhel.com press release press pop.php press id 842 http www.bhel.com about.php 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 . products and services . http www.bhel.com . bhel . retrieved 27 june 2014 . external link in website help http www.dailypioneer.com state editions dehradun bhel commissions two units of 14 mw at salma hep in afghanistan.html http www.bhel.com press release press pop.php press id 827 http www.bhel.com press release press pop.php press id 711 http www.bhel.com press release press pop.php press id 699 http www.bhel.com press release press pop.php press id 695 bhel bags cii itc sustainability award . the hindu . 18 january 2013 . retrieved 29 september 2013 . forbes . the world s most innovative companies . student . annual report 2012 13 pdf . bhel . 14 aug 2013 . retrieved 29 september 2013 . outlook . hindu.com . retrieved 2010 12 22 . bhel awards http www.bhel.com about rd.php research & development . bhel . retrieved 29 september 2013 . khan sharier . india s bhel gets rampal contract . the daily star . retrieved 18 january 2016 . shift rampal power plant save sundarbans . theindependentbd.com . retrieved 18 january 2016 . rampal power plant puts the sundarbans in crossfire . prothom alo . retrieved 18 january 2016 . rampal power plant a project of deception and mass destruction . the opinion pages . retrieved 18 january 2016 . rampal plant to doom sundarbans study . www.dhakatribune.com . retrieved 18 january 2016 . external links edit official website v t e central public sector companies of india air india balmer lawrie bharat electronics bharat heavy electricals limited bharat petroleum bharat sanchar nigam bhavini cement corporation of india coal india limited dredging corporation of india limited electronics corporation of india limited food corporation of india gail hindustan aeronautics limited hmt limited india trade promotion organisation indian oil corporation indian rare earths limited life insurance corporation of india mazagon dock limited mecon limited mahanagar telephone nigam limited ntpc limited nuclear power corporation of india oil and natural gas corporation power grid corporation of india praga tools limited rashtriya ispat nigam rural electrification corporation limited state bank of india steel authority of india uranium corporation of india v t e major indian companies economy of india list of companies of india automotive ashok leyland bajaj auto eicher motors hero motocorp hindustan motors mahindra & mahindra tafe tata motors tvs aerospace and defence bharat