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BHEL targets R&D spend at 2.5pc

Em News Bureau ,  Monday, May 21, 2012, 16:19 Hrs  [IST]

Bharat Heavy Electricals Ltd has targeted to spend 2.5 per cent of its total sales turnover on R&D activities, during 2012-17. The company’s total turnover is likely to cross Rs.1 trillion by 2017. In FY12, BHEL spent Rs.1,162 crore on R&D that was 2.3 per cent of its total turnover of Rs.49,301 crore.

The value of in-house developments from R&D inputs is pegged at Rs.9,512 crore. BHEL's R&D centre at Hyderabad that is the hub of the company's research activity has filed a total of 351 claims for intellectual property rights.
 
                 
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