 | |
| Company type | Public |
|---|---|
| ISIN | INE257A01026 |
| Industry | Aerospace Defence Electrical equipment Battery manufacturing Forging Locomotive Nuclear power Rail transport Hydropower Thermal power station Renewables |
| Founded | 1956; 69 years ago (1956) |
| Founder | Government of India |
| Headquarters | , India |
Area served | Worldwide |
Key people | K S Murthy (chairman &Managing Director) |
| Products |
|
| Revenue |  ₹27,350 crore (US$3.2 billion) (2025)[1] |
 ₹243 crore (US$29 million) (2024)[1] | |
| ₹282 crore (US$33 million) (2024)[1] | |
| Total assets | ₹59,005 crore (US$7.0 billion) (2024)[1] |
| Total equity | ₹24,439 crore (US$2.9 billion) (2024)[1] |
| Owner | Government of India (63.17%)[2] |
Number of employees | 29,826 (Dec-2022)[3] |
| Website | www |
Bharat Heavy Electricals Limited (BHEL) is an Indiancentral public sector undertaking and the largest government-owned electrical/industrial technology company. It is owned by theGovernment of India, with administrative control under theMinistry of Heavy Industries. Established in 1964, BHEL is based inNew Delhi.
BHEL was established in 1956, ushering in the heavy electrical equipment industry in India.Heavy Electricals (India) Limited was merged with BHEL in 1974.[4] When it was set up in 1956, BHEL was envisaged as a plain manufacturingPSU, with technological help from theSoviet Union.[5] In 1991, BHEL was converted into a public company. Over time, it developed the capability to produce a variety of electrical, electronic, and mechanical equipment for various sectors, including transmission, transportation, oil and gas, and other allied industries.[4] However, the bulk of the company's revenue is still derived from the sale of power generation equipment such as turbines and boilers. As of 2017, equipment supplied by BHEL constituted around 55% of the total installed power generation capacity in India.[6] The company also supplies electric locomotives to theIndian Railways and defence equipment such as the Super Rapid Gun Mount (SRGM) naval guns manufactured in partnership with theOrdnance Factory Board and simulators to the Indian Armed Forces.[4][7]
It has also been exporting its power and industry segment products and services for over 40 years. BHEL's global references are spread across over 76 countries across all six continents of the world. The cumulative overseas installed capacity of BHEL-manufactured power plants exceeds 9,000 MW across 21 countries, including Malaysia,Oman, Iraq, UAE,Bhutan, Egypt, and New Zealand. Their physical exports range from turnkey projects to after-sales services.[8]
BHEL is engaged in the design, engineering, manufacturing, construction, testing, commissioning, and servicing of a wide range of products, systems, and services for the core sectors of the economy, viz., power, transmission, industry, transportation,renewable energy, oil & gas, and defence.
It has a network of 16 manufacturing units, two repair units, four regional offices, eight service centres, eight overseas offices, 15 regional centres, seven joint ventures, and infrastructure allowing it to execute more than 150 projects at sites across India and abroad. The company has established the capability to deliver 20,000 MW p.a. of power equipment to address the growing demand for power generation equipment.[9]
BHEL has retained its market leadership position during 2015–16 with 74% market share in the Power Sector. An improved focus on project execution enabled BHEL to record its highest-ever commissioning/synchronization of 15059 MW of power plants in domestic and international markets in 2015–16, marking a 59% increase over 2014–15. With the all-time high commissioning of 15000 MW in a single year, FY2015-16, BHEL has exceeded 170 GW installed base of power-generating equipment.[10]
BHEL has been catering to the nation's Nuclear Programme since 1976 by way of design, manufacture, testing and supply of critical nuclear components like Reactor Headers, Steam Generators, Steam Turbine Generators, other Heat Exchangers and Pressure Vessels.[11]
Bharat Heavy Electricals Limited has a total of 2406 patents globally, out of which 1326 have been granted. Of these 16833 patents, more than 78% patents are active. India is where Bharat Heavy Electricals Limited has filed the maximum number of patents, followed by the USA and Europe. Bharat Heavy Electricals Ltd (BHEL), on an average, applied for more than one patent or copyright every working day in FY-2011.[12][13]
BHEL's investment in R&D is amongst the largest in the corporate sector in India.
During 2012–2013, the company invested about ₹1,252 Crore on R&D efforts, which corresponds to nearly 2.50% of the turnover of the company, focusing on new product and system developments and improvements in existing products. The IPR (Intellectual Property Rights) capital of BHEL grew by 21.5% in the year, taking the total to 2170.
The corporate R&D division at Hyderabad leads BHEL's research efforts in a number of areas of importance to BHEL's product range. Research & product development (RPD) groups for each product group at the manufacturing divisions play a complementary role. BHEL has established Centres of Excellence for Simulators, Computational Fluid Dynamics, Permanent Magnet Machines, Surface Engineering, Machine Dynamics, Centre for Intelligent Machines and Robotics, Compressors & Pumps, Centre for Nano Technology, Ultra High Voltage Laboratory at Corporate R&D; Centre of Excellence for Hydro Machines at Bhopal; Power Electronics and IGBT & Controller Technology at Electronics Division, Bengaluru, and Advanced Fabrication Technology and Coal Research Centre at Tiruchirappalli.
BHEL has established four specialized institutes, viz., Welding Research Institute (WRI) at Tiruchirappalli, Ceramic Technological Institute (CTI) at Bangalore, Centre for Electric Traction (CET) at Bhopal and Pollution Control Research Institute (PCRI) at Haridwar. Amorphous Silicon Solar Cell plant atGurgaon pursues R&D in Photo Voltaic applications.[14]
Bharat Heavy Electricals Limited (BHEL) has achieved the unique milestone of supplying its 100th Space-grade battery to ISRO for its very important and critical mission,Chandrayaan 3. These are manufactured at the Electronic Systems Division (ESD) of BHEL in Bengaluru. These batteries use various types of chemistry, including Nickel-Cadmium, Nickel-Hydrogen, and Lithium-Ion.[15]
BHEL-supplied equipment atKaiga power plant createsa world record for continuous operation.[16]BHEL andNPCIL collaborated to develop 220-MW Kaiga 1 nuclear power plant, an indigenously designed pressurized heavy water reactor (PHWR). On 31 December 2019, Kaiga 1 became a world record holder for running 962 unbroken days.[17]
BHEL is one of the only four Indian companies and the only Indian public sector enterprise figuring in 'The Global Innovation 1000' ofBooz & Co., a list of 1,000 publicly traded companies which are the biggest spenders on R&D in the world.[18]
In 2011, Bharat Heavy Electricals Ltd was ranked 9th most innovative company in the world by the US business magazine Forbes. It filed 303 patents and copyrights during the year. Its intellectual capital has gone up to 1,438 patents and copyrights.[19]
Source:[20]
In 2009, has developed a new state-of-the-art 1,200 kV class Ultra High Voltage (UHV) transformer manufacturing facility atBHEL, Bhopal in Madhya Pradesh. The new UHV transformer block has a dust free and controlled atmosphere, air conditioned bays for winding works, pressurised bay for core building and final assembly, EOT cranes for lifting loads up to 450 tonne, isostatic pressing device for windings, air cushion transport system for movement of equipment & machinery and attached UHV laboratory for testing transformers.[38]
BHEL Jhansi is a factory and township in Uttar Pradesh, India. It was founded on 9 January 1974 and is one of the 17 manufacturing units, includingFSIP Jagdishpur.BHEL Jhansi started production of transformers in 1976.BHEL Jhansi has two product groups: transformers and locomotives.
BHEL collaborated with National High Power Test Laboratory Pvt. Ltd. (NHPTL) to test an auto transformer at NHPTL facilities.[39]
BHEL to establish India's first High Temperature Spin Test Rig for coal-based thermal power plants. The efficiency enhancement of coal-based thermal power plants depends on the use of nickel-based superalloy material,s as against chrome-based steels widely used now. Advanced Ultra Super Critical (AUSC) consortium selected the nickel-based Alloy 617M.[40]
In 2019, BHEL and Libcoin were in talks to form a consortium to initially build a 1GWh lithium-ion battery plant in India.The plant's capacity will be scaled up to 30GWh in due course.[41]
In 2022, BHEL andTitagarh Wagons formed a consortium and participated in a tender byGovernment of India. The consortium emerged the second lowest bidder and will be supplying 80Vande Bharat Trains at the rate of 120 crore per train toIndian Railways.[42][43] BHEL will supply propulsion system i.e.IGBT based traction converter-inverter, auxiliary converter, train control management system, motors, transformers and mechanical bogies.[44]
In 2023, theNuclear Power Corporation of India (NPCIL) and Bharat Heavy Electricals Limited (BHEL) entered into an MoU to jointly pursue business opportunities in the area of nuclear power plants based on Pressurized Heavy Water Reactor (PHWR) technology. BHEL is the company to be actively associated with all thethree stages of the Indian Nuclear Programme (1st StagePHWR, 2nd StageFBR, and 3rd StageAHWR).[45]
In May 2023, Bharat Heavy Electricals Limited (BHEL), stated that the Indian Railways has set very ambitious targets and kept aggressive targets for upgradation. One of the significant goals set by the Indian Railways is the complete overhaul ofsignaling systems. As technology upgrades, BHEL will also upgrade and participate in the modernization process of the signaling system.[46]
In August 2023, BHEL andLeonardo, an Italian defence and aerospace company, partnered together to bid for a contract to supply air defence guns to theIndian Army.[47] In November 2023, theMinistry of Defence signed a contract worth₹2,956.89crore (US$350 million) with BHEL for procuring 16 upgraded super rapid gun mount (SRGM) cannon and accessories for theIndian Navy.[48][49] The first of the upgraded SRGM cannons was constructed in BHEL Haridwar in 2024.[49]
In April 2025, BHEL and Nuovo Pignone International, an Italian company, signed an agreement to pursue business opportunities related to compressor train revamp projects in India’sfertilizer industry.[50] In May 2025, BHEL formed a joint venture with REC Power Development & Consultancy, a subsidiary of the PSUREC, to jointly develop renewable energy, other power and infrastructure projects.[51] In May 2025, BHEL sought anexpression of interest (EOI) for selecting a technology partner to develop theFuture Ready Combat Vehicle, anext generationmain battle tank project, for theIndian Army.[52]
BHEL is selected to construct 1340-megawattRampal coal power plant inRampal Upazila, Bangladesh, which is close to theSundarbans mangrove forest. The power plant is set up byBangladesh-India Friendship Power Company Pvt. Limited — a joint venture betweenNTPC Limited andBangladesh Power Development Board.[53] The project has faced criticism for the environmental impact and the potential harm to the largest mangrove forest in the world.[54][55][56] In 2017Norway's sovereign wealth fund removed BHEL from its investment portfolio over concerns about the Rampal coal plant.[57][58]
| International | |
|---|---|
| National | |
| Other | |
