History of BHEL

Established in 1964, BHEL (Bharat Heavy Electricals Limited) is the largest engineering and manufacturing enterprise in India in the infrastructure and energy sectors. The company is owned by the Government of India, and the administrative control is under the Ministry of Heavy Industries. BHEL offers a wide range of products and services in the areas of gas, hydro, power-thermal, nuclear and solar PV. BHEL is dedicated to India's self-reliance vision, with significant investments in R&D, technology, manufacturing, and social initiatives, showcasing its commitment to both business and societal well-being. The primary products manufactured and supplied by the company include power transformers up to 1200 kV, converter transformers up to 800 kV, thyristor valves, and controls designed for HVDC applications. They also offer instrument transformers up to 1200 kV, dry-type transformers, as well as vacuum and gas-insulated switchgear, and much more. In 2023, the Indian Railways' mega tender granted an order for 80 Vande Bharat trains to the consortium led by BHEL and Titagarh Wagons Limited called Technology Partner. BHEL will deliver these 80 trains in 72 months. BHEL has its presence across the world in over 88 countries in six continents, including Indonesia, Tajikistan, Bhutan, Oman, Sudan, Iraq, Belarus, New Zealand, Egypt, Malaysia, Kazakhstan, Rwanda, and the UAE. BHEL was recognised with several awards like the Silver Plate Award, Pandit Madan Mohan Malaviya Bronze Award, Skoch Order-of-Merit & Renaissance Award- 2014, India Shining Award and more for its contribution towards CSR activities. The company is one of the largest capital goods manufacturing spaces in the country.

BHEL Business Segments

BHEL is one of the few companies globally that can design and manufacture equipment for an entire range of power plants. The company has over 30,000 highly skilled employees, including 9,000 engineers. BHEL has 16 manufacturing facilities in India and has over 150 ongoing projects. BHEL has entered several Joint Ventures like BHEL-GE Gas Turbine, NTPC BHEL Power Projects Ltd, and Raichur Power Corporation Ltd.

BHEL Financial Highlights

The key financial highlights of the company are as follows:

• In the Spares and Services business, the company recorded over 25% growth in FY 2023.
• The Profit After Tax (PAT) of the company grew by 10% from ₹410 crore in FY 2022 to ₹448 crore in FY 2023.
• The total income of the company grew about 11% from ₹21,579 crore in FY 2022 to ₹23,880 crore in FY 2023.

BHEL Management Team

• Dr Nalin Shinghal, Chairman and Managing Director

Since July 8, 2019, Nalin Shinghal is the Chairman and Managing Director of BHEL. Before joining BHEL, he was the Chairman and Managing Director (CMD) of Central Electronics Limited (CEL). He has about 30 years of experience, where he worked with the Indian Railways Traffic Service (IRTS), CONCOR, IRCTC, and many other organisations. Nalin holds a B.Tech degree from IIT-Delhi and a PGD from IIM, Calcutta. He has a doctorate in Transport Economics from the University of Leeds, UK and has been a Commonwealth Scholar.

BHEL Corporate Actions

BHEL announced a bonus share with a ratio of 1:2. The record date was September 30, 2017.