Bharat Heavy Electricals Limited
Key Highlights
Revenue: INR 17657.11 Crore
Net Profit: INR (2699.70) Crore
About Bharat Heavy Electricals Limited
India’s premier state-owned public sector enterprise Bharat Heavy Electricals Limited (BHEL) has been playing a pivotal role in shaping the engineering and manufacturing capability in India across several core sectors, including power generation and transmission, transportation, renewables, water, oil & gas and defence & aerospace, notching up annual revenue of around 4 billion USD.
BHEL has established strong linkages with other public sector enterprises as well as research institutes in India and is also having technology tie-ups with leading OEMs in various sectors. With 16 manufacturing facilities spread across the country that manufacture equipment compliant with the latest national and international standards, BHEL's state-of-the-art facilities specialise in engineering, manufacturing, testing, and aftermarket services for equipment in the power sector segment and various industrial sectors. These manufacturing units are supported by four overseas offices, four regional offices, eight service centres and 15 regional marketing centres to deliver value to their customers. BHEL is credited as one of India's largest employers, in the engineering sector with
more than 34,000 highly skilled employees which include 9,000 engineers with qualifications, experience and skills spanning a wide range of technology areas. Needless to say, BHEL's employees have been one of the strongest pillars in building this successful business.
With an R&D spend of over 2.5% of the annual turnover, BHEL is one the highest in the capital goods manufacturing industry in India. BHEL's dedicated R&D centre in Hyderabad has been instrumental in shaping technology and innovative manufacturing capabilities. BHEL has established over 75 technology collaborations with several global players over the years and these partnerships have helped both parties by sharing technologies, know-how and resources. BHEL's unique ability to provide pan-India access has been one of its core strengths. There are about 150 ongoing projects in different parts of India, served through the manufacturing and business units spread across the country. BHEL’s
expertise in exports can be utilised by global manufacturing firms to have a manufacturing hub in India.
To demonstrate the strength of togetherness, by pooling the resources and allocating them for better returns to the members.
To transform ourselves into a professional institution, providing prudent financial solutions to our members for their better living.
Culture and Values
We are stewards of our shareholders' investments and we take that responsibility very seriously. We are accountable and responsible for delivering superior results that make a difference in the lives of the people we touch.
We value the unique contribution of each individual. We believe in respect for human dignity and we respect the need to preserve the environment around us.
We are committed to delivering and demonstrating excellence in whatever we do.
We are loyal to our customers, to our company, and to each other.
We work with the highest ethical standards and demonstrate behavior that is honest, decent, and fair. We are dedicated to the highest levels of personal and institutional integrity.
We set high-performance standards for ourselves as individuals and our teams. We honor our commitments in a timely manner.
We constantly support the development of newer technologies, products, improved processes, better services, and management practices.
We work together as a team to provide the best solutions & services to our customers. Through quality relationships with all stakeholders, we deliver value to our customers.