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7/27/2019 Alance Sheet of Bharat Heavy Electricals12
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alance Sheet of Bharat Heavy Electricals ------------------- in Rs. Cr. -------------------
Mar '12 Mar '11 Mar '10 Mar '09 Mar '0
12 mths 12 mths 12 mths 12 mths 12 mth
rces Of Funds
al Share Capital 489.52 489.52 489.52 489.52 489.5
ity Share Capital 489.52 489.52 489.52 489.52 489.5
re Application Money 0.00 0.00 0.00 0.00 0.0
ference Share Capital 0.00 0.00 0.00 0.00 0.0
erves 24,883.69 19,664.32 15,427.84 12,449.29 10,284.6
aluation Reserves 0.00 0.00 0.00 0.00 0.0
worth 25,373.21 20,153.84 15,917.36 12,938.81 10,774.2
ured Loans 0.00 0.00 0.00 0.00 0.0
ecured Loans 123.43 163.35 127.75 149.37 95.1
al Debt 123.43 163.35 127.75 149.37 95.1
al Liabilities 25,496.64 20,317.19 16,045.11 13,088.18 10,869.3
Mar '12 Mar '11 Mar '10 Mar '09 Mar '0
12 mths 12 mths 12 mths 12 mths 12 mth
plication Of Funds
ss Block 9,729.62 8,049.30 6,579.70 5,224.43 4,443.0
s: Accum. Depreciation 5,409.83 4,648.82 4,164.74 3,754.47 3,462.2
Block 4,319.79 3,400.48 2,414.96 1,469.96 980.8
ital Work in Progress 1,324.63 1,762.62 1,550.49 1,212.70 658.4
estments 461.67 439.17 79.84 52.34 8.2
entories 13,444.50 10,963.03 9,235.46 7,837.02 5,736.4
dry Debtors 26,336.13 27,354.62 20,688.75 15,975.50 11,974.8h and Bank Balance 6,671.98 1,430.15 865.08 1,950.51 1,511.0
al Current Assets 46,452.61 39,747.80 30,789.29 25,763.03 19,222.2
ns and Advances 14,217.32 13,267.07 4,801.24 4,616.67 7,366.1
ed Deposits 0.00 8,200.00 8,925.00 8,364.16 6,875.0
al CA, Loans & Advances 60,669.93 61,214.87 44,515.53 38,743.86 33,463.4
fered Credit 0.00 0.00 0.00 0.00 0.0
rent Liabilities 33,638.01 31,469.58 28,097.73 23,415.10 16,632.9
visions 7,641.37 15,030.37 4,417.98 4,975.58 7,608.6
al CL & Provisions 41,279.38 46,499.95 32,515.71 28,390.68 24,241.6
Current Assets 19,390.55 14,714.92 11,999.82 10,353.18 9,221.8
cellaneous Expenses 0.00 0.00 0.00 0.00 0.0
al Assets 25,496.64 20,317.19 16,045.11 13,088.18 10,869.3
tingent Liabilities 2,424.33 2,324.26 2,538.13 2,546.25 1,673.1
k Value (Rs) 103.67 411.71 325.16 264.32 220.1
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Key Financial Ratios of Bharat Heavy Electricals
Mar'12
Mar '11 Mar '10 Mar '09 M
Investment Valuation RatiosFace Value 2.00 10.00 10.00 10.00
Dividend Per Share 6.40 31.15 23.30 17.00
Operating Profit Per Share (Rs) 40.05 174.35 122.49 85.43
Net Operating Profit Per Share (Rs) 195.01 858.45 678.75 543.68 3
Free Reserves Per Share (Rs) -- 401.65 315.11 254.23 2
Bonus in Equity Capital 50.00 50.00 50.00 50.00
Profitability Ratios
Operating Profit Margin(%) 20.53 20.30 18.04 15.71
Profit Before Interest And Tax Margin(%) 18.37 18.76 16.13 13.93
Gross Profit Margin(%) 18.86 19.17 16.66 14.45
Cash Profit Margin(%) 15.82 14.72 13.80 12.10
Adjusted Cash Margin(%) 15.82 14.72 13.80 12.10
Net Profit Margin(%) 14.36 13.99 12.55 11.36
Adjusted Net Profit Margin(%) 14.36 13.99 12.55 11.36
Return On Capital Employed(%) 40.27 44.25 41.37 36.95
Return On Net Worth(%) 27.74 29.82 27.08 24.25
Adjusted Return on Net Worth(%) 27.41 29.01 26.88 23.24
Return on Assets Excluding Revaluations 103.67 411.71 325.16 264.32 2
Return on Assets Including Revaluations 103.67 411.71 325.16 264.32 2
Return on Long Term Funds(%) 40.27 44.25 41.37 36.95
Liquidity And Solvency Ratios
Current Ratio 1.47 1.32 1.37 1.36
Quick Ratio 1.11 1.03 1.04 1.02 Debt Equity Ratio -- 0.01 0.01 0.01
Long Term Debt Equity Ratio -- 0.01 0.01 0.01
Debt Coverage Ratios
Interest Cover 200.25 164.27 198.19 157.51 1
Total Debt to Owners Fund 0.00 0.01 0.01 0.01
Financial Charges Coverage Ratio 215.85 172.96 211.86 168.40 1
Financial Charges Coverage Ratio Post Tax 153.89 119.52 143.35 114.07
Management Efficiency Ratios
Inventory Turnover Ratio 3.74 4.11 3.77 3.70
Debtors Turnover Ratio 1.78 1.75 1.81 1.90
Investments Turnover Ratio 3.74 4.11 3.77 3.70
Fixed Assets Turnover Ratio 5.07 5.31 5.15 5.20
Total Assets Turnover Ratio 1.90 2.08 2.09 2.05
Asset Turnover Ratio 2.08 2.31 2.28 2.22
Average Raw Material Holding -- 101.42 83.34 80.96
Average Finished Goods Held -- 10.27 9.80 9.74
Number of Days In Working Capital 146.25 126.06 130.02 140.04 1
Profit & Loss Account Ratios
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Material Cost Composition 52.61 47.32 53.42 58.56
Imported Composition of Raw Materials Consumed 32.05 31.26 35.15 27.81
Selling Distribution Cost Composition -- 0.99 1.06 1.09
Expenses as Composition of Total Sales 30.20 2.90 4.71 6.70
Cash Flow Indicator Ratios
Dividend Payout Ratio Net Profit 25.86 29.52 30.90 31.02
Dividend Payout Ratio Cash Profit 23.22 27.35 27.93 28.03
Earning Retention Ratio 73.83 69.66 68.88 67.63
Cash Earning Retention Ratio 76.53 71.94 71.89 70.87
AdjustedCash Flow Times 0.02 0.03 0.03 0.04
Mar'12
Mar '11 Mar '10 Mar '09 M
Earnings Per Share 28.76 122.80 88.06 64.11
Book Value 103.67 411.71 325.16 264.32 2
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BHEL is the largest engineering and manufacturing enterprise in India in the energy-
related/infrastructure sector. BHEL manufactures over 180 products under 30 major product groups
and caters to core sectors of the Indian Economy viz., Power Generation & Transmission, Industry,Transportation, Telecommunication, Renewable Energy, etc.
1972
- In July the Operations of all the four plants were integrated.
1974
- In January Heavy electrical (India) Ltd was merged with BHEL.
- For the manufacture of a wide variety of products, the company has developed technological
infrastructure, skills and quality to meet the stringent requirements of the power plants,
transportation, petro chemicals, oil etc.
- BHEL has entered into collaboration which are technical in nature. Under these agreements, the
collaborators have transferred, furnished the information, documentation, including know-how
relating to design, engineering, manufacturing assembly etc.
1982
- BHEL also entered into power equipments, to reduce its dependence on the power sector. So, 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.
1991
- On 24th December converted into a public Limited company.
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- As per resolution passed on 23rd Dec. 1991, existing shares of Rs.1000 each was subdivided into
equity shares of Rs.10 each. 2447,60,000 No. of equity shares of Rs.10 each allotted for consideration
other than cash.
1992
- Between January to February the company disinvested 489,52,000 equity shares of Rs.10 each.
- During the year, 10 thermal sets, 2 gas sets and 11 hydro sets were commissioned.
- During the year, first commercial HUDC transmission line in the country between Rihand & Delhi
rated for transmitting power at 500 KV at 1500 MW was respectively completed. Also, the company
completed prestigious contracts in Malta and Cyprus through supply and
Erection of 2 sets of 60 MW thermal sets each.
1994
- The company commissioned two sets of 250 MW at Maharashtra and one 500 MW once-throug
tower type boiler at Orissa.
- During the year the company established Asia's largest fuel evaluation test facility at Tiruchi
- The Company commissioned ten industrial power plants resulting in power generating capacity
addition of 293 KW.
- The Company undertook the development of photovoltaic power systems for grid assisted
operation, solar power refreigerator useful for vaccine and medical storage and demonstration of 2X5
KW phosphoric Acid fuel cell module at a Chlor Alkali plant.
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2010
- Bharat Heavy Electrical Limited (BHEL), Indian power equipmen tmaker, has bagged orders
valued at Rs 900 crore from Oil and Natural Gas Commission (ONGC) in order to supply six on-
shore oil rigs.
- Bharat Heavy Electricals Limited (BHEL) has bagged orders worth Rs 3,348 crore in order to set
up 376 MW captive power plant at the upcoming Paradip Refinery Project of Indian Oil Corp in
Orissa.
.
2011
-BHEL bags Rs.37,829 Million Mega Contract for installing 2x660 MW Supercritical Thermal Sets
from Dainik Bhaskar Power Limited
- BHEL bags major contract for 1,200 MW Thermal Power Plant; Singareni Collieries reposes
confidence, places Rs.40,710 Million Mega Contract for setting up thermal power plant in Andhra
Pradesh
- BHEL employees win 8 Prime Minister's Shram Awards
- BHEL employees win 5 Vishwakarma National Awards and BHEL Units bag 3 National Safety
Awards
-Company has splits its Face value of Shares from Rs 10 to Rs 2
2012
- BHEL-developed India's first Ultra High Voltage AC 1200 kV Transformer successfully
commissioned
- BHEL pays all-time high 136 per cent Interim Dividend for fiscal 2011-12
7/27/2019 Alance Sheet of Bharat Heavy Electricals12
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Current Ratio = Current assets/ Current liabilities
Year 2012 2011 2010 2009 2008
Current Ratio 1.47 1.32 1.37 1.36 1.38
Interpretation
This ratio is used to assess the firms ability to meet the short trem liabilities on the time. A Current
ratio of 2:1 supposed to be an ideal ratio. The higher the ratio, the better it is , because the firm will
be able to pay its current liabilities more easily
Current ratio of bhel is less than 2:1 , but it is more than last year . This shows that bhel is performing
on better liquidity position
1.2
1.25
1.3
1.35
1.4
1.45
1.5
2008 2009 2010 2011 2012
Current ratio
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Quick Ratio = Liquid assets/ Current liabilities
Interpretation
An ideal quick ratio is 1:1. If it is more , it is considered to be better .this ratio is better test of short
term financial postion of the company than the current ratio. As quick ratio is increasing there will be more liquidity.
0.96
0.98
1
1.02
1.04
1.06
1.08
1.1
1.12
2008 2009 2010 2011 2012
Liquid ratio
year 2012 2011 2010 2009 2008
Quick Ratio 1.11 1.03 1.04 1.02 1.09
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Gross Profit Ratio = (Gross Profit /Net Sales)*100
year 2012 2011 2010 2009 2008
Gross Profit Ratio 18.86 19.17 16.66 14.45 17.65
Interpretation
This ratio measure the margin of profit available on sales. The higher gross profit ratio , the better it
is. No ideal standard is fixed for the ratio , but the gross profit ratio should be adequate
As this ratio is decreasing in 2009 because of non performing assets.
0
5
10
15
20
25
2008 2009 2010 2011 2012
gross profit
ratio
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Net Profit Ratio = (Net Profit/Net Sales)*100
year 2012 2011 2010 2009 2008Net Profit Ratio 14.36 13.99 12.55 11.36 13.87
Interpretation
Net profit ratio is used to measure the overall profitability of the business. The greater ratio the
more profitable the business will be.
After 2009 the ratio is increase every year.
0
2
4
6
8
10
12
14
16
2008 2009 2010 2011 2012
N P Ratio
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EPS(Earning Per Share)= Net Profit After Tax & preference dividend / No Of Equity Shares
year 2012 2011 2010 2009 2008
EPS 28.76 122.80 88.06 64.11 58.41
interpretation
The ratio measure the earning per share available to ordinary shareholders
EPS affected the market value of the share. It is an indicator the dividend paying capacity of the firm
As in above graph EPS is increasing.
0
20
40
60
80
100
120
140
EPS
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DPS (Dividend Per Share )=Profit distributed to equity / No Of Equity Shares
year 2012 2011 2010 2009 2008
DPS 6.40 31.15 23.30 17.00 15.25
Interpretation
All the profit after tax and preference dividend available for equity shareholder are not distributed
among them as dividend. A part of its retained in the business. The balance of profit is distributed
among the equity shareholders
When the DPS IS increasing, it means the goodwill & market value of share will increase.
0
5
1015
20
25
30
35
2008 2009 2010 2011 2012
DPS
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Debt Equity Ratio= Toatl Debt / Equity
year 2012 2011 2010 2009 2008
DER -- 0.01 0.01 0.01 0.01
Interpretation
DER of 1:1 is considered satisfactory. This ratio is very significant for the evaluation of capital
structure of a firm . this ratio explain the fact in what proportion the owners and creditors of the
business have provided funds
There are no changes in DER of bhel in last five years.
0
0.002
0.004
0.006
0.008
0.01
0.012
2008 2009 2010 2011 2012
debt equity ratio
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Operating Profit Ratio = Operating Cost / Net Sales *100
year 2012 2011 2010 2009 2008
O.P Ratio 20.53 20.30 18.04 15.71 19.17
Interpretation
This ratio establishes the relationship between all the operating expanses and sales. It is a
measurement of the efficiency and profitability of the business enterprise. The lower the operating
ratio , more efficient the firm will be
In above graph operating ratio is increasing from last 3 years , so management should analyse the
reason for it.
0
5
10
15
20
25
2008 2009 2010 2011 2012
operating profit ratio
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Dividend Payout Ratio= ( total dividend paid to euity shareholder / total net profit belonging to equity
shareholders)*100
year 2012 2011 2010 2009 2008
D/P Ratio 25.86 29.52 30.90 31.02 30.54
Interpretation
It explain what percentage of profit after tax & preference dividend has been paid to equity
shareholder
In above graph after 2009 this is decreasing year by year ,so management should analysis the reason.
23
24
25
26
27
28
29
30
31
32
2008 2009 2010 2011 2012
Dividend payout ratio
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Interest Coverage Ratio=EBIT/ Interest
year 2012 2011 2010 2009 2008
ICR 200.25 164.27 198.19 157.51 127.55
Interpretation
This ratio shows whether the interest on long term debts of business can be paid out of profit
or not. The greater this ratio, the safer will be the interest of creditors
When ratio is decrasing ,the company may face difficulties to raise loans in future.
0
50
100
150
200
250
2008 2009 2010 2011 2012
interest coverage ratio
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Introduction
We are an integrated power plant equipment manufacturer and one of the largest engineering and
manufacturing companies in India in terms of turnover. We 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.
We 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. We
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. We
place strong emphasis on innovation and creative development of new technologies. Our research and
development (R&D) efforts are aimed not only at improving the performance and efficiency of our
existing products, but also at using state-of-the-art technologies and processes to develop new
products. This enables us to have a strong customer orientation, to be sensitive to their needs and
respond quickly to the changes in the market.
The high level of quality & reliability of our products is due to adherence to international standardsby 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 our 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).
We have a share of 59% in Indias total installed generating capacity contributing 69% (approx.) to
the total power generated from utility sets (excluding non-conventional capacity) as of March 31,
2012.
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We have been exporting our power and industry segment products and services for over 40 years.
BHELs 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. Our physical exports range from turnkey
projects to after sales services.
We work with a vision of becoming a global engineering enterprise providing solutions for a better
tomorrow.
Our greatest strength is our highly skilled and committed workforce of 49,390 employees. Every
employee is given an equal opportunity to develop himself/herself and grow in his/her career.
Continuous training and retraining, career planning, a positive work culture and participative style of
management - all these have engendered development of a committed and motivated workforce
setting new benchmarks in terms of productivity, quality and responsiveness.
Product
Power
Air Preheaters
Boilers
Control Relay Panels
Electrostatic Precipitators
Fabric Filters
Fans
Gas Turbines
Hydro Power Plant
Piping Systems
Pulverizers
Pumps
Seamless Steel Tubes
Soot blowers
Steam Generators
Steam Turbines
Turbogenerators
Valves
http://www.bhel.com/product_services/product.php?categoryid=13&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=13&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=141&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=141&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=124&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=124&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=107&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=107&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=11&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=11&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=106&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=106&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=14&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=14&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=130&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=130&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=102&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=102&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=87&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=84&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=83&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=83&link=Powerhttp://www.bhel.com/product_services/category.php?categoryid=89&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=129&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=129&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=62&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=62&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=81&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=81&link=Powerhttp://www.bhel.com/product_services/category.php?categoryid=95&link=Powerhttp://www.bhel.com/product_services/category.php?categoryid=95&link=Powerhttp://www.bhel.com/product_services/category.php?categoryid=95&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=81&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=62&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=129&link=Powerhttp://www.bhel.com/product_services/category.php?categoryid=89&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=83&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=84&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=87&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=102&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=130&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=14&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=106&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=11&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=107&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=124&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=141&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=13&link=Power7/27/2019 Alance Sheet of Bharat Heavy Electricals12
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Industry
Capacitors
Ceralin
Compressors
Desalination Plants
Diesel Generating Sets
Industrial Motors & Alternators
Gas Turbines
Oil Field Equipment
Solar Photovoltaics
Power Semiconductor Devices
Seamless Steel Tubes
Sootblowers
Steel Castings & Forgings
Steam Generators
Steam Turbines
Turbogenerators
Valves
Research & Development
To remain competitive and meet customers' expectations, BHEL lays great emphasis on the
continuous upgradation of products and related technologies, and development of new products.
BHEL's commitment to advancement of technology is reflected in its involvement in the development
of futuristic technologies like fuel cells and superconducting generators. BHEL's investment in R&D
is amongst the largest in the corporate sector in India. During the year 2011-12, BHEL invested
Rs.11,620 Million on R&D efforts- 18% higher than the previous year.
R&D and technology development are of strategic importance to BHEL as it operates in a
competitive environment where technology is a key driver. Technology development efforts
undertaken by BHEL have led to the filing of patents and copyrights at the rate of nearly one a day,significantly enhancing the company's intellectual capital. In 2011-12, BHEL filed 351 patents and
copyrights, enhancing the company's intellectual capital to 1,786 patents and copyrights filed, which
are in productive use in the company's business. The companay establised four new Centers of
Excellence, taking the total tally 13.
http://www.bhel.com/product_services/category.php?categoryid=155&link=Industryhttp://www.bhel.com/product_services/category.php?categoryid=155&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=127&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=127&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=88&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=88&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=10&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=10&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=122&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=122&link=Powerhttp://www.bhel.com/product_services/category.php?categoryid=51&link=Industryhttp://www.bhel.com/product_services/category.php?categoryid=51&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=14&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=14&link=Industryhttp://www.bhel.com/product_services/category.php?categoryid=48&link=Industryhttp://www.bhel.com/product_services/category.php?categoryid=48&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=38&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=38&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=121&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=121&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=83&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=83&link=Industryhttp://www.bhel.com/product_services/category.php?categoryid=89&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=103&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=103&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=129&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=129&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=62&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=62&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=81&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=81&link=Industryhttp://www.bhel.com/product_services/category.php?categoryid=95&link=Industryhttp://www.bhel.com/product_services/category.php?categoryid=95&link=Industryhttp://www.bhel.com/product_services/category.php?categoryid=95&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=81&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=62&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=129&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=103&link=Powerhttp://www.bhel.com/product_services/category.php?categoryid=89&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=83&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=121&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=38&link=Industryhttp://www.bhel.com/product_services/category.php?categoryid=48&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=14&link=Industryhttp://www.bhel.com/product_services/category.php?categoryid=51&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=122&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=10&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=88&link=Industryhttp://www.bhel.com/product_services/product.php?categoryid=127&link=Industryhttp://www.bhel.com/product_services/category.php?categoryid=155&link=Industry7/27/2019 Alance Sheet of Bharat Heavy Electricals12
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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. BHEL has introduced, in the recent past,
several state of the art products. Commercialisation of products and systems developed by way of in-
house Research and Development contributed Rs.95,120 Million corresponding to around 19.3% tothe company's total turnover in 2011-12.
In keeping with the National commitment to a clean environment, BHEL has developed the
technology for Integrated Gasification Combined Cycle (IGCC) power plants and is pursuing the
development of Advance Ultra Supercritical Thermal Power Plants in the country. BHEL is also
actively working on a number of projects in futuristic areas like Clean Coal Technology, Nano
Technology, Fuel Cells, Superconductivity and thin film solar cells, etc. to advance the development
of technologies for power and industry sector. The engineering and technology character of the
organisation will be further enhanced with increased focus on innovation and R&D.
Overseas business
BHEL has been exporting products and services in power and industry segment for approximately 40
years. As of June 30, 2011, we have exported our products and services to more than 70 countries. As
of June 30, 2011, we had cumulatively installed generating capacity of over 8,500 MW outside of
India in 21 countries, including Malaysia, Iraq, UAE, Egypt and New Zealand, and hadapproximately 5,200 MW in 19 countries under various stages of execution. Our international
operations encompass a wide range of our power and industry segment products and services,
including thermal, hydro and gas-based turnkey power projects, substation projects and rehabilitation
projects, as well as a broad range of products (such as transformers, compressors, valves, oil field
equipment, electrostatic precipitators, photovoltaic equipment, insulators, heat exchangers,
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switchgear equipment, castings and forgings) and after sales services. We are particularly active in
the Middle East, Southeast Asia and Africa and have been executing turnkey contracts since 1980.
Our recently completed projects outside of India include 2x126 MW gas turbine-based Siddhirganj
peaking power plant in Bangladesh, 4x126 MW gas turbine-based Sulaymanniah power project in
Iraq, 2x42 MW gas turbine-based Al Ghail power plant in UAE and 2x26 MW gas turbine generating
sets for Oman Refinery Company in Oman.
The Company has been successful in meeting requirements of International markets, in terms of
complexity of work as well as technological, quality and other requirements
Quality assurance
owards meeting its Quality Policy, BHEL is using the vehicle of Quality Management Systems,
which are certified to ISO 9001:2000 series of Standards by Internationally acclaimed certifying
agency, BVQI.
Corporate Quality and Unit level Quality structure enables requisite planning, control and
implementation of Company-wide Quality Policy and Objectives which are linked to the Company's
Vision statement. Corporate Quality derives strength from direct reporting to Chairman and
Managing Director of the Company.
Other than traditional Quality functions, today the focus is on:
Propagating Quality Management Systems and Total Quality Management.
Formulating, implementing and monitoring, "Improvement Plans" with focus on internal and
external Customer Satisfaction.
Investigations and preventive actions on Critical Quality Issues.
Calibration and testing laboratories of BHEL are accredited under the National Accreditation Board
for Calibration and Testing Laboratories (NABL) scheme of Laboratory Accreditation, which has got
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mutual recognition with Asia Pacific Laboratory Accreditation Conference As a result of its thrust on
quality and technology, BHEL enjoys national and international recognition in the form ofProduct
Certificationby International Bodies like ASME, API etc. and Plant Approvals by agencies like
Lloyds Register of Shipping, U.K., Chief Controller of Explosives India, TUV Germany etc.
In its movement towards Business Excellence and with the objective of achieving International level
of Quality, BHEL has adopted European Foundation for Quality Management (EFQM) model for
Business Excellence. Through this model and annual self-assessment exercise, BHEL is
institutionalising continuous improvement in all its operations.
Global Impact
BHEL has joined the "Global Compact" of United Nations and has committed itself to support it and
the set ofcore values enshrined in its ten principles. The "Global Compact" is a partnership between
the United Nations, the business community, international labour and NGOs. It provides a forum for
them to work together and improve corporate practices through co-operation rather than
confrontation.
BHEL has developed a CSR Scheme and its Mission Statement on CSR is "Be a Committed
Corporate Citizen, alive towards its Corporate Social Responsibility". BHEL's contributions towards
Corporate Social Responsibility till date include adoption of villages, free medical camps/charitable
dispensaries, schools for the underprivileged and handicapped children, ban on child labour,
disaster/natural calamity aid, Employment for handicapped, Widow resettlement, Employment for
Ex-serviceman, irrigation using treated sewage, pollution checking camps, plantation of millions of
trees, energy saving and conservation of natural resources through environmental management.
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BHEL shares the growing concern on issues related to Environment and Occupational Health & Safety
(OHS), and is committed to protecting Environment in and around its own establishment, and to
providing safe and healthy environment to all its employees. For fulfilling these obligations, a Health,
Safety & Environmental Policy has been formulated and implemented through management systems.
In recognition of this, BHEL has been awarded the ISO 14001:2004 Environmental Management
Systems Certification and OHSAS 18001:2007 Occupational Health & Safety Management Systems
Certification from M/s Det Norske Veritas (DNV). Under UNDP programme for specialized services in
the area of Environment, BHEL has set up a Pollution Control Research Institute (PCRI). BHEL also
has a Model Centre for Occupational Health Services at Trichy, which is a pioneer in this field in India.
Today it offers a wide range of occupational health care as well as expertise in work Environment
monitoring, Toxicology, Ergonomics and in organization of OHS to multitude of industries for
different.
BHEL is a member of CoRE (Corporate Roundtable on Development of Strategies for Environment)
launched by The Energy Research Institute (TERI). CoRE is envisaged as a means to facilitate a
proactive and catalytic role for industry in addressing the environmental problems plaguing India and
helping the industry towards sustainability paradigm. CoRE is now a partner organization to the
WBCSD (World Business Council for Sustainable Development). It has signed a memorandum o
understanding with WBCSD, now called as CoRE-BCSD, India. Interfaces between companies such
asBHEL, TERI and the WBCSD would provide an important link to address issues of sustainable
development at a global level and to learn and exchange experience of the participating companies.
BHEL's commitment to environmental issues can be seen as an integral part of its core business. In the
field of Non-conventional and Renewable Energy, BHEL has successfully launched products likewind
electric generators, solar heating systems, solar photovoltaic systems, solar lanterns andbattery powered
road vehicles. Technology upgradation has been done to minimise environmental impact of fossil
energy products,by way of low-NOx oil/ gas burners, circulating fluidised bed combustion boilers etc.
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