27-03-2017, 10:46 AM
Bharat Heavy Electricals Limited (BHEL) owned by the Government of India, is an engineering and manufacturing company based in New Delhi, India. Founded in 1964, BHEL is the largest manufacturer of power plant equipment in India. The company has been continuously earning profits since 1971-72, except for the fiscal year 2015-2016, and paying dividends uninterruptedly from 1976-77. It has been awarded the prestigious state of Maharatna (Big Gem) in 2013 by the Government of India for its outstanding performance and large scale. The elite list of companies in Maharatna contains a total of 7 gigantic public sector companies (PSUs) in India. Maharatna gives the Boards of these companies greater financial and operational autonomy.
History
BHEL was founded in 1964 and merged with BHEL in 1974. It developed the ability to produce a variety of electrical, electronic and mechanical equipment for all sectors including transmission, transportation, oil and gas and other related industries. However, most of the company's revenue is derived from the manufacture and assembly of equipment for power generation. As of 2016, equipment supplied by BHEL accounted for approximately 55% of India's total installed capacity. In 1991, BHEL became a joint-stock company. By the end of 1996, the company had delivered more than 100 Electric Locomotives to Indian Railway and installed 250 Hydro-sets throughout India.
