Alance Sheet of Bharat Heavy Electricals12

7/27/2019 Alance Sheet of Bharat Heavy Electricals12

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alance Sheet of Bharat Heavy Electricals ------------------- in Rs. Cr. -------------------

Mar '12 Mar '11 Mar '10 Mar '09 Mar '0

12 mths 12 mths 12 mths 12 mths 12 mth

rces Of Funds

al Share Capital 489.52 489.52 489.52 489.52 489.5

ity Share Capital 489.52 489.52 489.52 489.52 489.5

re Application Money 0.00 0.00 0.00 0.00 0.0

ference Share Capital 0.00 0.00 0.00 0.00 0.0

erves 24,883.69 19,664.32 15,427.84 12,449.29 10,284.6

aluation Reserves 0.00 0.00 0.00 0.00 0.0

worth 25,373.21 20,153.84 15,917.36 12,938.81 10,774.2

ured Loans 0.00 0.00 0.00 0.00 0.0

ecured Loans 123.43 163.35 127.75 149.37 95.1

al Debt 123.43 163.35 127.75 149.37 95.1

al Liabilities 25,496.64 20,317.19 16,045.11 13,088.18 10,869.3

Mar '12 Mar '11 Mar '10 Mar '09 Mar '0

12 mths 12 mths 12 mths 12 mths 12 mth

plication Of Funds

ss Block 9,729.62 8,049.30 6,579.70 5,224.43 4,443.0

s: Accum. Depreciation 5,409.83 4,648.82 4,164.74 3,754.47 3,462.2

Block 4,319.79 3,400.48 2,414.96 1,469.96 980.8

ital Work in Progress 1,324.63 1,762.62 1,550.49 1,212.70 658.4

estments 461.67 439.17 79.84 52.34 8.2

entories 13,444.50 10,963.03 9,235.46 7,837.02 5,736.4

dry Debtors 26,336.13 27,354.62 20,688.75 15,975.50 11,974.8h and Bank Balance 6,671.98 1,430.15 865.08 1,950.51 1,511.0

al Current Assets 46,452.61 39,747.80 30,789.29 25,763.03 19,222.2

ns and Advances 14,217.32 13,267.07 4,801.24 4,616.67 7,366.1

ed Deposits 0.00 8,200.00 8,925.00 8,364.16 6,875.0

al CA, Loans & Advances 60,669.93 61,214.87 44,515.53 38,743.86 33,463.4

fered Credit 0.00 0.00 0.00 0.00 0.0

rent Liabilities 33,638.01 31,469.58 28,097.73 23,415.10 16,632.9

visions 7,641.37 15,030.37 4,417.98 4,975.58 7,608.6

al CL & Provisions 41,279.38 46,499.95 32,515.71 28,390.68 24,241.6

Current Assets 19,390.55 14,714.92 11,999.82 10,353.18 9,221.8

cellaneous Expenses 0.00 0.00 0.00 0.00 0.0

al Assets 25,496.64 20,317.19 16,045.11 13,088.18 10,869.3

tingent Liabilities 2,424.33 2,324.26 2,538.13 2,546.25 1,673.1

k Value (Rs) 103.67 411.71 325.16 264.32 220.1


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Key Financial Ratios of Bharat Heavy Electricals

Mar'12

Mar '11 Mar '10 Mar '09 M

Investment Valuation RatiosFace Value 2.00 10.00 10.00 10.00

Dividend Per Share 6.40 31.15 23.30 17.00

Operating Profit Per Share (Rs) 40.05 174.35 122.49 85.43

Net Operating Profit Per Share (Rs) 195.01 858.45 678.75 543.68 3

Free Reserves Per Share (Rs) -- 401.65 315.11 254.23 2

Bonus in Equity Capital 50.00 50.00 50.00 50.00

Profitability Ratios

Operating Profit Margin(%) 20.53 20.30 18.04 15.71

Profit Before Interest And Tax Margin(%) 18.37 18.76 16.13 13.93

Gross Profit Margin(%) 18.86 19.17 16.66 14.45

Cash Profit Margin(%) 15.82 14.72 13.80 12.10

Adjusted Cash Margin(%) 15.82 14.72 13.80 12.10

Net Profit Margin(%) 14.36 13.99 12.55 11.36

Adjusted Net Profit Margin(%) 14.36 13.99 12.55 11.36

Return On Capital Employed(%) 40.27 44.25 41.37 36.95

Return On Net Worth(%) 27.74 29.82 27.08 24.25

Adjusted Return on Net Worth(%) 27.41 29.01 26.88 23.24

Return on Assets Excluding Revaluations 103.67 411.71 325.16 264.32 2

Return on Assets Including Revaluations 103.67 411.71 325.16 264.32 2

Return on Long Term Funds(%) 40.27 44.25 41.37 36.95

Liquidity And Solvency Ratios

Current Ratio 1.47 1.32 1.37 1.36

Quick Ratio 1.11 1.03 1.04 1.02 Debt Equity Ratio -- 0.01 0.01 0.01

Long Term Debt Equity Ratio -- 0.01 0.01 0.01

Debt Coverage Ratios

Interest Cover 200.25 164.27 198.19 157.51 1

Total Debt to Owners Fund 0.00 0.01 0.01 0.01

Financial Charges Coverage Ratio 215.85 172.96 211.86 168.40 1

Financial Charges Coverage Ratio Post Tax 153.89 119.52 143.35 114.07

Management Efficiency Ratios

Inventory Turnover Ratio 3.74 4.11 3.77 3.70

Debtors Turnover Ratio 1.78 1.75 1.81 1.90

Investments Turnover Ratio 3.74 4.11 3.77 3.70

Fixed Assets Turnover Ratio 5.07 5.31 5.15 5.20

Total Assets Turnover Ratio 1.90 2.08 2.09 2.05

Asset Turnover Ratio 2.08 2.31 2.28 2.22

Average Raw Material Holding -- 101.42 83.34 80.96

Average Finished Goods Held -- 10.27 9.80 9.74

Number of Days In Working Capital 146.25 126.06 130.02 140.04 1

Profit & Loss Account Ratios


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Material Cost Composition 52.61 47.32 53.42 58.56

Imported Composition of Raw Materials Consumed 32.05 31.26 35.15 27.81

Selling Distribution Cost Composition -- 0.99 1.06 1.09

Expenses as Composition of Total Sales 30.20 2.90 4.71 6.70

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 25.86 29.52 30.90 31.02

Dividend Payout Ratio Cash Profit 23.22 27.35 27.93 28.03

Earning Retention Ratio 73.83 69.66 68.88 67.63

Cash Earning Retention Ratio 76.53 71.94 71.89 70.87

AdjustedCash Flow Times 0.02 0.03 0.03 0.04

Mar'12

Mar '11 Mar '10 Mar '09 M

Earnings Per Share 28.76 122.80 88.06 64.11

Book Value 103.67 411.71 325.16 264.32 2


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BHEL is the largest engineering and manufacturing enterprise in India in the energy-

related/infrastructure sector. BHEL manufactures over 180 products under 30 major product groups

and caters to core sectors of the Indian Economy viz., Power Generation & Transmission, Industry,Transportation, Telecommunication, Renewable Energy, etc.

1972

- In July the Operations of all the four plants were integrated.

1974

- In January Heavy electrical (India) Ltd was merged with BHEL.

- For the manufacture of a wide variety of products, the company has developed technological

infrastructure, skills and quality to meet the stringent requirements of the power plants,

transportation, petro chemicals, oil etc.

- BHEL has entered into collaboration which are technical in nature. Under these agreements, the

collaborators have transferred, furnished the information, documentation, including know-how

relating to design, engineering, manufacturing assembly etc.

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.

1991

- On 24th December converted into a public Limited company.


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- As per resolution passed on 23rd Dec. 1991, existing shares of Rs.1000 each was subdivided into

equity shares of Rs.10 each. 2447,60,000 No. of equity shares of Rs.10 each allotted for consideration

other than cash.

1992

- Between January to February the company disinvested 489,52,000 equity shares of Rs.10 each.

- During the year, 10 thermal sets, 2 gas sets and 11 hydro sets were commissioned.

- During the year, first commercial HUDC transmission line in the country between Rihand & Delhi

rated for transmitting power at 500 KV at 1500 MW was respectively completed. Also, the company

completed prestigious contracts in Malta and Cyprus through supply and

Erection of 2 sets of 60 MW thermal sets each.

1994

- The company commissioned two sets of 250 MW at Maharashtra and one 500 MW once-throug

tower type boiler at Orissa.

- 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.

- The Company undertook the development of photovoltaic power systems for grid assisted

operation, solar power refreigerator useful for vaccine and medical storage and demonstration of 2X5

KW phosphoric Acid fuel cell module at a Chlor Alkali plant.


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2010

- Bharat Heavy Electrical Limited (BHEL), Indian power equipmen tmaker, has bagged orders

valued at Rs 900 crore from Oil and Natural Gas Commission (ONGC) in order to supply six on-

shore oil rigs.

- Bharat Heavy Electricals Limited (BHEL) has bagged orders worth Rs 3,348 crore in order to set

up 376 MW captive power plant at the upcoming Paradip Refinery Project of Indian Oil Corp in

Orissa.

.

2011

-BHEL bags Rs.37,829 Million Mega Contract for installing 2x660 MW Supercritical Thermal Sets

from Dainik Bhaskar Power Limited

- BHEL bags major contract for 1,200 MW Thermal Power Plant; Singareni Collieries reposes

confidence, places Rs.40,710 Million Mega Contract for setting up thermal power plant in Andhra

Pradesh

- BHEL employees win 8 Prime Minister's Shram Awards

- BHEL employees win 5 Vishwakarma National Awards and BHEL Units bag 3 National Safety

Awards

-Company has splits its Face value of Shares from Rs 10 to Rs 2

2012

- BHEL-developed India's first Ultra High Voltage AC 1200 kV Transformer successfully

commissioned

- BHEL pays all-time high 136 per cent Interim Dividend for fiscal 2011-12


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Current Ratio = Current assets/ Current liabilities

Year 2012 2011 2010 2009 2008

Current Ratio 1.47 1.32 1.37 1.36 1.38

Interpretation

This ratio is used to assess the firms ability to meet the short trem liabilities on the time. A Current

ratio of 2:1 supposed to be an ideal ratio. The higher the ratio, the better it is , because the firm will

be able to pay its current liabilities more easily

Current ratio of bhel is less than 2:1 , but it is more than last year . This shows that bhel is performing

on better liquidity position

1.2

1.25

1.3

1.35

1.4

1.45

1.5

2008 2009 2010 2011 2012

Current ratio


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Quick Ratio = Liquid assets/ Current liabilities

Interpretation

An ideal quick ratio is 1:1. If it is more , it is considered to be better .this ratio is better test of short

term financial postion of the company than the current ratio. As quick ratio is increasing there will be more liquidity.

0.96

0.98

1

1.02

1.04

1.06

1.08

1.1

1.12

2008 2009 2010 2011 2012

Liquid ratio

year 2012 2011 2010 2009 2008

Quick Ratio 1.11 1.03 1.04 1.02 1.09


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Gross Profit Ratio = (Gross Profit /Net Sales)*100

year 2012 2011 2010 2009 2008

Gross Profit Ratio 18.86 19.17 16.66 14.45 17.65

Interpretation

This ratio measure the margin of profit available on sales. The higher gross profit ratio , the better it

is. No ideal standard is fixed for the ratio , but the gross profit ratio should be adequate

As this ratio is decreasing in 2009 because of non performing assets.

0

5

10

15

20

25

2008 2009 2010 2011 2012

gross profit

ratio


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Net Profit Ratio = (Net Profit/Net Sales)*100

year 2012 2011 2010 2009 2008Net Profit Ratio 14.36 13.99 12.55 11.36 13.87

Interpretation

Net profit ratio is used to measure the overall profitability of the business. The greater ratio the

more profitable the business will be.

After 2009 the ratio is increase every year.

0

2

4

6

8

10

12

14

16

2008 2009 2010 2011 2012

N P Ratio


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EPS(Earning Per Share)= Net Profit After Tax & preference dividend / No Of Equity Shares

year 2012 2011 2010 2009 2008

EPS 28.76 122.80 88.06 64.11 58.41

interpretation

The ratio measure the earning per share available to ordinary shareholders

EPS affected the market value of the share. It is an indicator the dividend paying capacity of the firm

As in above graph EPS is increasing.

0

20

40

60

80

100

120

140

EPS


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DPS (Dividend Per Share )=Profit distributed to equity / No Of Equity Shares

year 2012 2011 2010 2009 2008

DPS 6.40 31.15 23.30 17.00 15.25

Interpretation

All the profit after tax and preference dividend available for equity shareholder are not distributed

among them as dividend. A part of its retained in the business. The balance of profit is distributed

among the equity shareholders

When the DPS IS increasing, it means the goodwill & market value of share will increase.

0

5

1015

20

25

30

35

2008 2009 2010 2011 2012

DPS


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Debt Equity Ratio= Toatl Debt / Equity

year 2012 2011 2010 2009 2008

DER -- 0.01 0.01 0.01 0.01

Interpretation

DER of 1:1 is considered satisfactory. This ratio is very significant for the evaluation of capital

structure of a firm . this ratio explain the fact in what proportion the owners and creditors of the

business have provided funds

There are no changes in DER of bhel in last five years.

0

0.002

0.004

0.006

0.008

0.01

0.012

2008 2009 2010 2011 2012

debt equity ratio


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Operating Profit Ratio = Operating Cost / Net Sales *100

year 2012 2011 2010 2009 2008

O.P Ratio 20.53 20.30 18.04 15.71 19.17

Interpretation

This ratio establishes the relationship between all the operating expanses and sales. It is a

measurement of the efficiency and profitability of the business enterprise. The lower the operating

ratio , more efficient the firm will be

In above graph operating ratio is increasing from last 3 years , so management should analyse the

reason for it.

0

5

10

15

20

25

2008 2009 2010 2011 2012

operating profit ratio


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Dividend Payout Ratio= ( total dividend paid to euity shareholder / total net profit belonging to equity

shareholders)*100

year 2012 2011 2010 2009 2008

D/P Ratio 25.86 29.52 30.90 31.02 30.54

Interpretation

It explain what percentage of profit after tax & preference dividend has been paid to equity

shareholder

In above graph after 2009 this is decreasing year by year ,so management should analysis the reason.

23

24

25

26

27

28

29

30

31

32

2008 2009 2010 2011 2012

Dividend payout ratio


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Interest Coverage Ratio=EBIT/ Interest

year 2012 2011 2010 2009 2008

ICR 200.25 164.27 198.19 157.51 127.55

Interpretation

This ratio shows whether the interest on long term debts of business can be paid out of profit

or not. The greater this ratio, the safer will be the interest of creditors

When ratio is decrasing ,the company may face difficulties to raise loans in future.

0

50

100

150

200

250

2008 2009 2010 2011 2012

interest coverage ratio


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Introduction

We are an integrated power plant equipment manufacturer and one of the largest engineering and

manufacturing companies in India in terms of turnover. We were established in 1964, ushering in the

indigenous Heavy Electrical Equipment industry in India - a dream that has been more than realized

with a well-recognized track record of performance. The company has been earning profits

continuously since 1971-72 and paying dividends since 1976-77.

We are 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 (Railway), Renewable Energy, Oil & Gas and Defence. We

have 15 manufacturing divisions, two repair units, four regional offices, eight service centres and 15

regional centres and currently operate at more than 150 project sites across India and abroad. We

place strong emphasis on innovation and creative development of new technologies. Our research and

development (R&D) efforts are aimed not only at improving the performance and efficiency of our

existing products, but also at using state-of-the-art technologies and processes to develop new

products. This enables us to have a strong customer orientation, to be sensitive to their needs and

respond quickly to the changes in the market.

The high level of quality & reliability of our products is due to adherence to international standardsby acquiring and adapting some of the best technologies from leading companies in the world

including General Electric Company, Alstom SA, Siemens AG and Mitsubishi Heavy Industries Ltd.,

together with technologies developed in our own R&D centres.

Most of our manufacturing units and other entities have been accredited to Quality Management

Systems (ISO 9001:2008), Environmental Management Systems (ISO 14001:2004) and Occupational

Health & Safety Management Systems (OHSAS 18001:2007).

We have a share of 59% in Indias total installed generating capacity contributing 69% (approx.) to

the total power generated from utility sets (excluding non-conventional capacity) as of March 31,

2012.


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We have been exporting our power and industry segment products and services for over 40 years.

BHELs global references are spread across 75 countries. The cumulative overseas installed capacity

of BHEL manufactured power plants exceeds 9,000 MW across 21 countries including Malaysia,

Oman, Iraq, the UAE, Bhutan, Egypt and New Zealand. Our physical exports range from turnkey

projects to after sales services.

We work with a vision of becoming a global engineering enterprise providing solutions for a better

tomorrow.

Our greatest strength is our highly skilled and committed workforce of 49,390 employees. Every

employee is given an equal opportunity to develop himself/herself and grow in his/her career.

Continuous training and retraining, career planning, a positive work culture and participative style of

management - all these have engendered development of a committed and motivated workforce

setting new benchmarks in terms of productivity, quality and responsiveness.

Product

Power

Air Preheaters

Boilers

Control Relay Panels

Electrostatic Precipitators

Fabric Filters

Fans

Gas Turbines

Hydro Power Plant

Piping Systems

Pulverizers

Pumps

Seamless Steel Tubes

Soot blowers

Steam Generators

Steam Turbines

Turbogenerators

Valves
http://www.bhel.com/product_services/product.php?categoryid=13&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=13&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=141&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=141&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=124&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=124&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=107&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=107&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=11&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=11&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=106&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=106&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=14&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=14&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=130&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=130&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=102&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=102&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=87&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=84&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=83&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=83&link=Powerhttp://www.bhel.com/product_services/category.php?categoryid=89&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=129&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=129&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=62&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=62&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=81&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=81&link=Powerhttp://www.bhel.com/product_services/category.php?categoryid=95&link=Powerhttp://www.bhel.com/product_services/category.php?categoryid=95&link=Powerhttp://www.bhel.com/product_services/category.php?categoryid=95&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=81&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=62&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=129&link=Powerhttp://www.bhel.com/product_services/category.php?categoryid=89&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=83&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=84&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=87&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=102&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=130&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=14&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=106&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=11&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=107&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=124&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=141&link=Powerhttp://www.bhel.com/product_services/product.php?categoryid=13&link=Power


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Industry

Capacitors

Ceralin

Compressors

Desalination Plants

Diesel Generating Sets

Industrial Motors & Alternators

Gas Turbines

Oil Field Equipment

Solar Photovoltaics

Power Semiconductor Devices

Seamless Steel Tubes

Sootblowers

Steel Castings & Forgings

Steam Generators

Steam Turbines

Turbogenerators

Valves

Research & Development

To remain competitive and meet customers' expectations, BHEL lays great emphasis on the

continuous upgradation of products and related technologies, and development of new products.

BHEL's commitment to advancement of technology is reflected in its involvement in the development

of futuristic technologies like fuel cells and superconducting generators. BHEL's investment in R&D

is amongst the largest in the corporate sector in India. During the year 2011-12, BHEL invested

Rs.11,620 Million on R&D efforts- 18% higher than the previous year.

R&D and technology development are of strategic importance to BHEL as it operates in a

competitive environment where technology is a key driver. Technology development efforts

undertaken by BHEL have led to the filing of patents and copyrights at the rate of nearly one a day,significantly enhancing the company's intellectual capital. In 2011-12, BHEL filed 351 patents and

copyrights, enhancing the company's intellectual capital to 1,786 patents and copyrights filed, which

are in productive use in the company's business. The companay establised four new Centers of

Excellence, taking the total tally 13.
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Significantly, BHEL is one of the only four Indian companies and the only Indian Public Sector

Enterprise figuring in 'The Global Innovation 1000' of Booz & Co., a list of 1,000 publicly-traded

companies which are the biggest spenders on R&D in the world. BHEL has also won the coveted CII-

Thompson Reuters Innovation Award 2010 in the 'Hi-tech Corporate' category. The award recognises

BHEL's innovation and entrepreneurship in India based on number of patents and efficiency and

impact of innovation as measured by patent citations.

The company's Corporate R&D division at Hyderabad leads BHEL's research efforts in a number of

areas of importance to BHEL's product range. Research and Product Development (RPD) centres at

all its manufacturing divisions play a complementary role. BHEL has introduced, in the recent past,

several state of the art products. Commercialisation of products and systems developed by way of in-

house Research and Development contributed Rs.95,120 Million corresponding to around 19.3% tothe company's total turnover in 2011-12.

In keeping with the National commitment to a clean environment, BHEL has developed the

technology for Integrated Gasification Combined Cycle (IGCC) power plants and is pursuing the

development of Advance Ultra Supercritical Thermal Power Plants in the country. BHEL is also

actively working on a number of projects in futuristic areas like Clean Coal Technology, Nano

Technology, Fuel Cells, Superconductivity and thin film solar cells, etc. to advance the development

of technologies for power and industry sector. The engineering and technology character of the

organisation will be further enhanced with increased focus on innovation and R&D.

Overseas business

BHEL has been exporting products and services in power and industry segment for approximately 40

years. As of June 30, 2011, we have exported our products and services to more than 70 countries. As

of June 30, 2011, we had cumulatively installed generating capacity of over 8,500 MW outside of

India in 21 countries, including Malaysia, Iraq, UAE, Egypt and New Zealand, and hadapproximately 5,200 MW in 19 countries under various stages of execution. Our international

operations encompass a wide range of our power and industry segment products and services,

including thermal, hydro and gas-based turnkey power projects, substation projects and rehabilitation

projects, as well as a broad range of products (such as transformers, compressors, valves, oil field

equipment, electrostatic precipitators, photovoltaic equipment, insulators, heat exchangers,


22/24

switchgear equipment, castings and forgings) and after sales services. We are particularly active in

the Middle East, Southeast Asia and Africa and have been executing turnkey contracts since 1980.

Our recently completed projects outside of India include 2x126 MW gas turbine-based Siddhirganj

peaking power plant in Bangladesh, 4x126 MW gas turbine-based Sulaymanniah power project in

Iraq, 2x42 MW gas turbine-based Al Ghail power plant in UAE and 2x26 MW gas turbine generating

sets for Oman Refinery Company in Oman.

The Company has been successful in meeting requirements of International markets, in terms of

complexity of work as well as technological, quality and other requirements

Quality assurance

owards meeting its Quality Policy, BHEL is using the vehicle of Quality Management Systems,

which are certified to ISO 9001:2000 series of Standards by Internationally acclaimed certifying

agency, BVQI.

Corporate Quality and Unit level Quality structure enables requisite planning, control and

implementation of Company-wide Quality Policy and Objectives which are linked to the Company's

Vision statement. Corporate Quality derives strength from direct reporting to Chairman and

Managing Director of the Company.

Other than traditional Quality functions, today the focus is on:

Propagating Quality Management Systems and Total Quality Management.

Formulating, implementing and monitoring, "Improvement Plans" with focus on internal and

external Customer Satisfaction.

Investigations and preventive actions on Critical Quality Issues.

Calibration and testing laboratories of BHEL are accredited under the National Accreditation Board

for Calibration and Testing Laboratories (NABL) scheme of Laboratory Accreditation, which has got


23/24

mutual recognition with Asia Pacific Laboratory Accreditation Conference As a result of its thrust on

quality and technology, BHEL enjoys national and international recognition in the form ofProduct

Certificationby International Bodies like ASME, API etc. and Plant Approvals by agencies like

Lloyds Register of Shipping, U.K., Chief Controller of Explosives India, TUV Germany etc.

In its movement towards Business Excellence and with the objective of achieving International level

of Quality, BHEL has adopted European Foundation for Quality Management (EFQM) model for

Business Excellence. Through this model and annual self-assessment exercise, BHEL is

institutionalising continuous improvement in all its operations.

Global Impact

BHEL has joined the "Global Compact" of United Nations and has committed itself to support it and

the set ofcore values enshrined in its ten principles. The "Global Compact" is a partnership between

the United Nations, the business community, international labour and NGOs. It provides a forum for

them to work together and improve corporate practices through co-operation rather than

confrontation.

BHEL has developed a CSR Scheme and its Mission Statement on CSR is "Be a Committed

Corporate Citizen, alive towards its Corporate Social Responsibility". BHEL's contributions towards

Corporate Social Responsibility till date include adoption of villages, free medical camps/charitable

dispensaries, schools for the underprivileged and handicapped children, ban on child labour,

disaster/natural calamity aid, Employment for handicapped, Widow resettlement, Employment for

Ex-serviceman, irrigation using treated sewage, pollution checking camps, plantation of millions of

trees, energy saving and conservation of natural resources through environmental management.
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BHEL shares the growing concern on issues related to Environment and Occupational Health & Safety

(OHS), and is committed to protecting Environment in and around its own establishment, and to

providing safe and healthy environment to all its employees. For fulfilling these obligations, a Health,

Safety & Environmental Policy has been formulated and implemented through management systems.

In recognition of this, BHEL has been awarded the ISO 14001:2004 Environmental Management

Systems Certification and OHSAS 18001:2007 Occupational Health & Safety Management Systems

Certification from M/s Det Norske Veritas (DNV). Under UNDP programme for specialized services in

the area of Environment, BHEL has set up a Pollution Control Research Institute (PCRI). BHEL also

has a Model Centre for Occupational Health Services at Trichy, which is a pioneer in this field in India.

Today it offers a wide range of occupational health care as well as expertise in work Environment

monitoring, Toxicology, Ergonomics and in organization of OHS to multitude of industries for

different.

BHEL is a member of CoRE (Corporate Roundtable on Development of Strategies for Environment)

launched by The Energy Research Institute (TERI). CoRE is envisaged as a means to facilitate a

proactive and catalytic role for industry in addressing the environmental problems plaguing India and

helping the industry towards sustainability paradigm. CoRE is now a partner organization to the

WBCSD (World Business Council for Sustainable Development). It has signed a memorandum o

understanding with WBCSD, now called as CoRE-BCSD, India. Interfaces between companies such

asBHEL, TERI and the WBCSD would provide an important link to address issues of sustainable

development at a global level and to learn and exchange experience of the participating companies.

BHEL's commitment to environmental issues can be seen as an integral part of its core business. In the

field of Non-conventional and Renewable Energy, BHEL has successfully launched products likewind

electric generators, solar heating systems, solar photovoltaic systems, solar lanterns andbattery powered

road vehicles. Technology upgradation has been done to minimise environmental impact of fossil

energy products,by way of low-NOx oil/ gas burners, circulating fluidised bed combustion boilers etc.
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