Bharat Heavy Electricals Ltd - Company Profile
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Business Description
Bharat Heavy Electricals Ltd (BHEL) designs, engineers, constructs, tests, commissions and executes power projects. It offers its products and services across power generation, transportation, oil and gas, energy storage, and defense and aerospace industries.
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R&D Overview
BHEL has undertaken several R&D initiatives focusing on technology-intensive product lines and solutions. The company is committed to developing innovative technologies and solutions, investing significantly in product development and R&D. Key areas of focus include clean coal technologies, high-efficiency thermal power plants, rail transportation, defense and aerospace, and technology collaborations. BHEL has also made advancements in engineering optimization to achieve cost reduction and improve overall efficiency across its products. The R&D units of BHEL include five Research Institutes and 15 Centres of Excellence. Additionally, there are in-house R&D Centres across 11 Manufacturing Units and Divisions recognized by the Department of Scientific and Industrial Research (DSIR). These units are responsible for managing the company's R&D activities, focusing on continuous technology upgradation and innovation. The company has filed 506 patents and copyrights and has 16 active Technology Collaboration Agreements (TCA) as of March 31, 2025. In FY2025, the company's R&D expenditure stood at INR1,329.8 million, which as a percentage of revenue stood at 0.5% and grew 5.5% YoY.
Business Segments
Overview
Manufactures diversified industrial systems and products in transportation, renewables, e-mobility, defense and aerospace, water and–power transmission. - In transportation, it provides IGBT based propulsion equipment (traction converter/auxiliary converter/VCU), EMU coaches, 25 KV locomotive bushings, electric locomotives from 6,000 HP to 9,000 HP and diesel electric locos upto 1400 HP - Offers EPC solutions from concept to commissioning for grid connected and standalone PV applications, ranging from KW to MW sized plants, space grade solar panels and space grade batteries - Provides electric vehicle chargers, electric power train, electric vehicles, power conditioning system, lithium ion battery packs, containerized solutions for energy storage systems, emery management system and EPC solutions for railway rack electrification. - Equipment for Indian defense forces: Super Rapid Gun Mount & Integrated Platform Management System for naval ships, Heat exchangers for LCA, castings for ships and simulators. - Manufactures EHV & UHV substations up to 765 KV, HVDC converter stations up to ±800 KV, shunt reactors, vacuum & SF6 switchgear, power transformers, ceramic insulators, gas insulated switchgears and Flexible AC Transmission system devices. - Manufactures and supplies electrical AC machines, mechanical packages, wellheads & Christmas tree valves, oil rigs, fabricated equipment & boiler feed pumps and compressors & AC machines.
Performance
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Overview
Designs, develops and supplies the comprehensive range of power plant equipment for executing thermal, hydro, gas and nuclear power projects. - Provides steam turbines, generators, boilers and auxiliary equipment for fossil-fuel applications upto 1,000 MW unit size including 660/ 700/ 800 MW; nuclear turbine-generator ranging from 220-700 MWe; - Also provides emission control equipment, including flue gas desulphurisation systems for SOx emission control, electrostatic prs for particulate emission control and selective catalytic reduction systems for NOx emission control. - Offers renovation, modernization, uprating, residual life assessment, health diagnostics and plants' life extension services.
Performance
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Geographical Segments
Performance
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Performance
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