Bharat Heavy Electricals Ltd has
decided to expand its offerings in
the power sector by building EPC
capability, in keeping with its Strategic
Plan: 2012-17. This was stated by B.
Prasada Rao, CMD, BHEL, at the
company's AGM held on September 19,
2012.
As outlined in the company's
Strategic Plan 2012-17, BHEL will also
expand spares and services and adopt a
collaborative approach. Focus will be on
enhancing the EPC business and
enlarging scope of offer in the power
sector. The company's JV with NTPC
namely NTPC-BHEL Power Projects Pvt
Ltd would be the manufacturing base
for certain BoP equipment like ash and
coal handling plants. BHEL is also
working with GE India to offer water
management solutions for the power
sector. Secondly, smaller business areas
like transportation, transmission, and
renewables, etc. will get more attention
so as to maintain a balanced portfolio. In
addition, there would be an increased
emphasis on technology and R&D
efforts to meet emerging business
requirements.
Also as part of its Strategic Plan 2012-
17, BHEL has identified a number of
projects to build and consolidate
capabilities in emerging and existing
areas. The company is putting in place
enablers like people capabilities,
infrastructure, processes and
organization support to succeed in its
ambitious technology endeavours.
Active partnerships and alliances are
being worked out with national and
international science and technology
establishments of repute like IITs, IISc,
CSIR, etc. The company has signed a
Memorandum of Collaboration for
pursuing R&D in the area of solar
energy consisting of solar PV and solar
thermal-CSP with IOCL and IITRajasthan.
Focus areas are clean coal
technologies, renewable energy,
765/1200 kV transmission systems and
products, transportation, system
engineering and futuristic technologies,
according to Rao.
Untitled Document
BHEL PERFORMANCE: FY12 |
| |
Rs.crore |
% chg |
| Gross Turnover |
49,510 |
20 |
| PAT |
7,040 |
24 |
| Net Worth |
25,373 |
26 |
| Order inflow* |
22,096 |
-52 |
| % chg is over FY11; *from power sector |
Capex: BHEL made capital
investment of Rs.1,122 crore during
FY12 taking the total XI Plan capex to
Rs.6,298 crore. The capex was deployed
largely in augmenting manufacturing
capacities and modernisation of
facilities in its manufacturing units and
power projects. With substantial
capacity expansion taking place in the
XI Plan period, BHEL is expected to
deliver 20,000 mw of power equipment
annually, effective FY13.
Orders bookings & execution:
Despite stagnation in the power sector
and intense competitive pressure in
domestic and international markets,
BHEL booked orders worth Rs.22,096
crore in FY12 from the power sector. As
of March 31, 2012, total orders in hand
stood at Rs.1,35,300 crore. However,
new order inflows from the power
sector in FY12 were as much as 50 per
cent lower compared with those in
FY11.
In FY12, BHEL commissioned or
synchronized the highest-ever 9,270
mw of sets. This included
commissioning of 8,410 mw of utility
and 535 mw of captive sets in the
country, apart from 325 mw in the
overseas market. During the XI Plan
period BHEL commissioned 25,385 mw
of utility sets, nearly doubling the X
Plan achievement.
R&D: Continuing its focus on
engineering and R&D, BHEL invested
Rs.1,199 crore on R&D and filed a record
351 patents and copyrights during
FY12. With this, the intellectual capital
of the company has grown to 1,786,
enabling it to consolidate innovation
capabilities in existing and new areas.
Significantly, 20 per cent of the turnover
in 2011-12 has come from in-house
developed products.
Clean Technology: During FY12,
BHEL set a new record in its solar
photovoltaic (PV) business by
commissioning 15 mw of solar power
plants in various parts of the country.
Under the aegis of the National Mission
on Clean Coal Technology, BHEL, in
association with IGCAR, NTPC and
other organizations, is developing
advanced ultra supercritical technology.
Once operational, plants based on this
technology will operate at efficiency
exceeding 45 per cent under Indian
ambient conditions. Further, the
company is actively involved in
development of IGCC technology,
which is the clean coal technology of the
future. BHEL, on the strength of 6.2 mw
IGCC plant installed at Trichy, is
working with APGenco to set up a 182
mw plant at Vijayawada.
Mergers & Alliances: The process
of merging Bharat Heavy Plates &
Vessels Ltd, currently a BHEL
subsidiary, with the parent company is
underway. Under the support of BHEL,
BHPV could record a growth of 14 per
cent in FY12.
Meanwhile, a new company BHEL
Electricals Machines Ltd (BEM) was
incorporated and registered at
Kasargod, Kerala, on January 19, 2011.
BHEL holds majority 51 per cent stake
while Kerala government holds the
remaining 49 per cent. This company
represents the train lighting alternator
division located at Kasargod of Kerala
Electrical & Allied Engineering Co Ltd, a
state government entity. BEM plans to
develop specialised alternators in
various fields.