Paper type: Report Pages: 3 (575 words)
COMPANY PROFILE •Background & Management •Values, Mission & Objective •BHEL’s product profile •Financial profile of BHEL •Shareholding pattern BHEL —– AN OVERVIEW BHEL is the largest engineering and manufacturing enterprise in India in the energy related infrastructure sector today. BHEL was established more than 40 years ago ushering in the indigenous Heavy Electrical Equipment industry in India, a dream which has been more than realized with a well- recognized track record of performance.
It has been earning profits continuously since 1971-72 and achieved a sales turnover of Rs 14525 Crores with a profit before tax of Rs 2564 Crores 2005-06.
In 2007 BHEL has achieved an all time high turnover of Rs 18739 crores, notching a growth of 29% over the previous year. Net profit has soared by 44% to 2415 crores over 1679. 2 crores of last year. BHEL has been paying dividends over a quarter century and in line with the excellent performance during the financial year 2005-06, an all time high dividend of 145% has been paid.
BHEL caters to core sectors of the Indian Economy viz.
Power Generation and Transmission, Industry, Transportation, Renewable Energy, Defense, etc. The wide network of BHEL’s 14 manufacturing divisions, 4 power sector regional centers, 8 service centers, 15 regional, offices and a large number of Projects Sites spread all over India and abroad enables the Company to promptly serve its customers and provide them suitable products, systems and services-efficiently and at competitive prices.
BHEL has already attained ISO 9001 certification and all the units/divisions of BHEL have been upgraded to the latest ISO-9001; 2000 version quality standard. All the major units/divisions of BHEL have been awarded ISO 14001 certification for environmental management systems and OHSAS 18001 certification for occupational health and safety management systems Major Miles stones in the history of BHEL •FEB. 1947 – The planning board felt the need for electrical machinery in India. •MAR. 1948 – Sir J. C.
Ghosh set up heavy electrical generating equipment factory in the state sector. •JAN. 1955 – S. A. Gadkary committee reiterates the need for heavy electrical factory. •AUG. 1956 – Heavy Electrical (Pvt. ) LTD, was incorporated which was later renamed as HE (I) LTD. •NOV. 1964 – Bharat Heavy Electrical Ltd, was established and plants at Haridwar, Hyderabad & Trichy were set up. •JULY. 1972 – Action committee of public Enterprises recommends integration. •JAN. 1974 – HE (I) LTD and BHEL were formally merged and the corporate plan of the company was prepared. JAN. 1980 – BHEL was set up 3rd generation plants at TRICHY – steel tube plant HARIDWAR – casting and forging plant JHANSI – transformer plant •In 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. •In 1992, During the year, 10 thermal sets, 2 gas sets and 11 hydro sets were commissioned.
Government of India’s liberalization policy and disinvestments policy on its pattern of shareholding in PSUs. •In 1994,- 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’ •In 1995, – The country’s premier state owned undertaking, BHEL, has commissioned India’s first 250 mw capacity thermal generating unit at Dahanu power station in Maharashtra.
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Bhel Report. (2018, Oct 23). Retrieved from https://studymoose.com/bhel-report-flashcard