Bharat Heavy Electricals Limited (BHEL) operates as an engineering and manufacturing company.
Business Segments
The company operates through the Power Sector, Industry sector, and International Operations segments.
Power Segment
This segment primarily comprises thermal, gas, hydro, and nuclear power plant businesses. It also includes related spares & services business apart from new businesses of coal to chemicals, emission control equipment, and spares for non-BHEL sets.
Industry Segment...
Bharat Heavy Electricals Limited (BHEL) operates as an engineering and manufacturing company.
Business Segments
The company operates through the Power Sector, Industry sector, and International Operations segments.
Power Segment
This segment primarily comprises thermal, gas, hydro, and nuclear power plant businesses. It also includes related spares & services business apart from new businesses of coal to chemicals, emission control equipment, and spares for non-BHEL sets.
Industry Segment
This segment caters to major equipment supplies and EPC (Engineering, Procurement, and Construction) works for a variety of sectors. These sectors include transportation, transmission, defense & aerospace, captive power, renewables, downstream oil & gas, energy storage, and electric mobility, among others.
International Operations
This segment booked order is allocated to either the Power or Industry segment as the case may be. This reflects the company's strategy to expand its footprint beyond the domestic market and tap into international opportunities in both power and industrial sectors.
Business Strategy
The company's business strategy revolves around several key pillars that are designed to ensure long-term sustainable growth and maintain its leadership position in the industry.
Geographical Markets Served
The company serves a diverse range of geographical markets both within India and internationally.
Customers
The primary customer categories include:
Power Generation Companies
These include public sector utilities, private sector power producers, and independent power producers (IPPs) that require equipment and services for thermal, hydro, gas, and nuclear power plants.
Industrial Sector
This category includes customers from various industries such as transportation, transmission, defense & aerospace, process industries, captive power plants, renewable energy, downstream oil & gas, energy storage, and electric mobility.
Government Agencies
The company also serves various central and state government agencies that require engineering and manufacturing solutions for infrastructure and development projects.
International Clients
The company caters to international clients by providing equipment and services for power and industrial projects in overseas markets.
Government Regulations
Key regulatory requirements include:
Companies Act, 2013
The company complies with the provisions of the Companies Act, 2013, which governs corporate governance, financial reporting, and other statutory requirements. The company ensures adherence to sections such as Section 143 (Auditor's Report), Section 197 (Managerial Remuneration), and Section 149 (Independent Directors) among others.
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:
The company adheres to the SEBI regulations concerning listing obligations and disclosure requirements. This includes timely disclosure of financial performance, corporate governance practices, and other material information to stakeholders.
DPE Guidelines
The company follows the guidelines issued by the Department of Public Enterprises (DPE) which provide a framework for the functioning of public sector enterprises. This includes guidelines on corporate governance, performance evaluation, and other operational aspects.
Ministry of Corporate Affairs Notifications
The company complies with various notifications issued by the Ministry of Corporate Affairs, such as Notification no. G.S.R. 463 (E) dated 05-06-2015, which exempts government companies from certain provisions of the Companies Act, 2013, like Section 164(2) related to the disqualification of directors.
Regulations
The company is subject to several industry-specific regulations that ensure the company's operations align with national and international standards. These regulations cover areas such as financial controls, auditing standards, and operational efficiency.
Indian Accounting Standards (Ind AS):
The company's financial statements comply with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, read with Companies (Indian Accounting Standards) Rules, 2015 as amended.
History
Bharat Heavy Electricals Limited was founded in 1964. The company was incorporated in India in 1964.