BHELOM - EXECUTIVE SUMMARY Founded in 1953, Bharat Heavy...

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EXECUTIVE SUMMARY Founded in 1953, Bharat Heavy Electricals Limited, (BHEL) is one of the oldest and the largest state-owned engineering and manufacturing enterprise of India. It is one of the Navratnas and is an epitome of successful running of a public sector undertaking. Generally PSUs are not considered to be the growth engines for the sector in which they are operating, but BHEL’s performance rebuffs this perception. . The company has been earning profits continuously since 1971-72 and paying dividends since 1976-77 to its trusted investors. 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, Renewable Energy, etc. The wide network of BHEL's 14 manufacturing divisions, four Power Sector regional centres, over 100 project sites, eight service centres, 18 regional offices and one subsidiary enables the Company to promptly serve its customers and provide them with suitable products, systems and services -- efficiently and at competitive prices. The high level of quality & reliability of its products is due to the emphasis on design, engineering and manufacturing to international standards by acquiring and adapting some of the best technologies from leading companies in the world, together with technologies developed in its own R&D centres. The company has continuously performed well in all the sectors and this has been the driving force behind a steady order book from its trusted, satisfied customers. According to the financial report for the year 2008-2009, BHEL has an order book worth Rs 59,678 Crore. It has expanded its manufacturing capacity from 10,000 MW to 15,000MW pa and further plans to augment it to 20,000 MW pa. In order to stay competitive it has continuously invested in R&D and its current expenditure (According to 2008-2009 Annual Report) is Rs 650 crore. It plans to increase its R&D expenditure to Rs1000 crore by 2011-2012. Beside this, BHEL is forging strategic alliances in the form of Joint Ventures to leverage equipment sales in the supercritical technology domain and JVs for technology sourcing. BHEL's vision is to become a world-class engineering enterprise and be committed to enhance stakeholder value. The company is striving to give shape to its aspirations and fulfil the expectation of the country to become a global player. BHEL Founded in 1953, Bharat Heavy Electricals Limited, (BHEL) is one of the oldest and the largest state-owned engineering and manufacturing enterprise of India. It is one of the Navratnas and is an epitome of successful running of a public sector undertaking. BHEL has built over the years, a strong domestic market position by becoming the largest supplier of power plant equipment in India, and by developing strong market presence in select segments of the Industrial sector. It caters to the core sectors of the Indian Economy viz , Power Generation and Transmission, Industry Transportation, Renewable Energy, Defence etc. The wide network of BHEL’s 14 manufacturing divisions, 4 power sector
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BHELOM - EXECUTIVE SUMMARY Founded in 1953, Bharat Heavy...

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