Bharat Heavy Electricals Limited (BHEL) is an engineering and manufacturing company based in New Delhi, India. Established in 1964, BHEL is India’s largest power plant equipment manufacturer and one of the world’s largest heavy electrical equipment manufacturers. The company is engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. power, transmission, industry, transportation, renewable energy, oil & gas and defence.
BHEL’s product range includes boiler, turbine, generator, transmission, switchgear, control and protection systems, transformers and capacitors, industrial and marine gas turbines, diesel engines, hydro and wind turbines, gearboxes, electrical motors and generators, water treatment plants, sewage treatment plants, and air pollution control systems. The company has a wide network of 17 Manufacturing Divisions, 2 Service Centers, 4 Regional Offices and over 100 project sites spread all over India and abroad.
BHEL has been conferred with the prestigious Maharatna status by the Government of India in 2013, owing to its significant scale of operation and outstanding performance. The company is also ranked as the 7th largest engineering & construction company in the world by ENR (Engineering News-Record) in the year 2018.
Vision: To be a world-class engineering enterprise creating value for all stakeholders.
Mission: Provide solutions for a sustainable future by being the best in design, engineering, manufacturing and servicing of clean and efficient energy solutions.
Business strategy:
-Expand core business: Increase focus on high-growth segments such as renewable energy, transportation, water and defence.
-Grow international business: Increase exports of products and services to maintain a healthy balance of trade.
-Innovation and R&D: Increase investment in research and development to develop new products and services.
-Digitalisation: Increase use of digital technologies to improve efficiency and competitiveness.
-Sustainability: Adopt sustainable practices across all operations to reduce environmental impact.
Future outlook:
BHEL is well positioned to benefit from the growing demand for clean and efficient energy solutions in India and abroad. The company is expected to continue to grow at a healthy pace, supported by its strong order book, diversified product portfolio and strong execution capabilities.