HISTORY

BHEL was founded in 1950s. BHEL or the Bharat Heavy Electronics Limited is
one of the largest engineering and manufacturing organizations in the country.
BHEL was established more than 40 years ago. The Heavy Electrical Equipment
Plant in Haridwar designs and manufactures turbo generators, AC and DC motors,
gas turbines and huge steams. The Central Foundry Forge Plant in Haridwar deals
with steel castings and manufacturing of steel forgings. With two large
manufacturing plants, BHEL in Haridwar is among the leading industrial
organizations in the state. Situate in Ranipur near Haridwar, the Bharat Heavy
Engineering Limited employs over 8,000 people. Bharat Heavy Electricals Limited
(BHEL) is the largest engineering and manufacturing enterprise in India in the
energy-related/infrastructure sector.

Bharat Heavy Electricals Ltd. (BHEL) Haridwar has two manufacturing plants:-
Heavy Electrical Equipment Plant (HEEP) and Central Foundry Forge Plant
(CFFP).

The Heavy Electricals Equipment Plant (HEEP) located in

Haridwar is one of the major manufacturing plants of BHEL. The core business
of HEEP includes design and manufacture of large steam and gas turbines, turbo
generators, hydro turbines and generators, hydro turbines and generators, large
AC/DC motors.

Central Foundry Forge Plant (CFFP) is engaged in manufacture of Steel

Castings: Up to 50 Tons per Piece Wt & Steel Forgings: Up to 55 Tons per
Piece Wt.

Pollution Control & Research Institute (PCRI) is engaged in researching

how to minimize the pollution generated by manufacturing of equipments made
in BHEL.
Some functions of PCRI

• Monitoring of Environmental Parameters relating to Air, Water, Soil,

Fuel, River water and Drinking water
• Environmental Impact Assessment (EIA)
• Environmental Audit and Resource Conservation
• Performance Evaluation of Pollution Control Equipment and
suggesting corrective measures

Over 65 percent of power generated in India comes from BHEL-supplied

equipment. Overall it has installed power equipment
with a total capacity of over 90,000 MW.
 VISION, MISSION AND VALUES

VISION

A World-Class Engineering Enterprise Committed to

Enhancing Stakeholder Value

MISSION

To be an Indian Multinational Engineering Enterprise

providing Total Business Solutions through Quality
Products, Systems & Services in the fields of Energy,
Industry, Transportation, Infrastructure and other potential areas.

VALUES

1. Zeal to Excel and Zest for Change

2. Integrity and Fairness in all Matters
3. Respect for Dignity and Potential of Individuals
4. Strict Adherence to Commitments
5. Ensure Speed of Response
6. Foster Learning, Creativity and Team-work
7. Loyalty and Pride in the Company

What it Manufactures?
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.

The wide network of BHEL's 14 manufacturing divisions, four Power Sector

regional centers, over 100 project sites, eight service centers and 18 regional
offices, enables the Company to promptly serve its customers and provide them
with suitable products, systems and services -- efficiently and at competitive
prices.

The high level of quality & reliability of its products is due to the emphasis on
design, engineering and manufacturing to international standards by acquiring
and adapting some of the best technologies from leading companies in the world,
together with technologies developed in its own R&D centers.

As an engineering conglomerate, BHEL offers over a wide spectrum of products

and services for core sectors including power generation, transmission and
distribution; transportation; and oil and gas as well as the supply of non-
conventional energy systems.

BHEL provides customers worldwide with complete Custom- designed Boiler

Island Solutions for power and process steam generation covering design,
engineering, manufacture, erection and commissioning of boilers, boiler house
auxiliaries and all associated systems and sub-systems.

In addition to Concept-to- Commissioning expertise for all types of steam

generators.

BHEL has the unique advantage of world class, state-of-the-art manufacturing

facilities for the entire gamut of components and systems for the boiler island
including boilers, auxiliaries such as fans, air pre-heaters and electrostatic
precipitators, piping and piping systems, valves, blowers, gravimetric feeders,
controls & instrumentation etc.

BHEL offers over 180 products and provides systems and services to meet the
needs of core sectors like: power, transmission, industry, transportation, oil &
gas, non-conventional energy sources and telecommunication.
 More about BHEL

Bharat Heavy Electricals Ltd. (BHEL) is the largest engineering and

manufacturing enterprises of its kind in India and is one of the leading
international companies in the field of power equipment manufacture. The first
plant of BHEL, set up at Bhopal in 1956, signalled the dawn of the Heavy
Electrical Industry in India. In the sixties, three more major plants were set up
at Haridwar, Hyderabad and Tiruchirapalli that form the core of the diversified
product range, systems and services that BHEL offers today. BHEL’s range of
services extends from project feasibility studies to after-sales-service,
successfully meeting diverse needs through turnkey capability. The company
has 14 manufacturing units, 4 power sector regions, 8 service centers and 15
regional offices, besides project sites spread all over India and abroad. BHEL
has a well recognized track record of performance, making profits continuously
since 1971-72 and paying dividends since 1976-77.
Bharat Heavy Electricals Limited (BHEL) was conceived with a vision to make
India self-reliant in the manufacture of power plant equipment and to change
the face of industrial development in India. Today, BHEL is the largest
engineering enterprise of its kind in India and one of the foremost companies in
the international power arena. BHEL sets generate 73% of the total power
generated in the country and account for over 81,000 MW of India’s total
installed generating capacity. In real terms, that translates into three out of every
four homes in India being lit up with power generated by BHEL equipment.
“Product Finder’’ feels privileged to carry this Cover Feature profiling the
BHEL and its far-flung and diverse activities in recognition of its outstanding
achievements.

BHEL has already attained ISO 9000 certification for quality management and
all the manufacturing units divisions have been upgraded to the latest ISO
9001-2000 version.
BHEL has also secured ISO 14001 certification for environmental management
systems & OHSAS – 18001 certification for occupational health and safety
management systems for all its units/divisions. BHEL is continuing its journey
towards Business Excellence.
Its operations are organized around three business sectors:
Power, Industry- including Transmission, Transportation, Telecommunication &
Renewable Energy.
BHEL has a wide-spread network comprising 14 manufacturing divisions, 8
service centers, 4 power sector regional centers, 18 regional offices, and a large
number of project sites spread all over India and abroad.

BHEL is one of the largest exporters of engineering products & services from
India. BHEL has established its references in around 60 countries of the world,
ranging from the United States in the West to New Zealand in the Far East. Its
export range include: individual products to complete power stations, turnkey
contracts for power plants, EPC contracts, HV/EHV Sub-stations, O&M
services for familiar technologies, specialized after-market services like
Residual Life Assessment (RLA) studies and retrofitting, refurbishing &
overhauling, and supplies to manufacturers & EPC contractors.

BHEL also undertakes overhauling and rehabilitation jobs for

BHEL/Non-BHEL equipment in overseas market. Overhaul and
maintenance of power plant equipment have been accomplished in Libya, Iraq,
Iran, Saudi Arabia, Nepal and Malaysia.

Recently, BHEL has also executed an order from Bangladesh for rehabilitation
of Boiler and refurbishing of Condenser for Siddhirganj Power Station.
Consultancy work overseas has also been undertaken.

BHEL has committed to support the Global Compact & the set of core values
enshrined in its ten principles in the areas of human rights, labour standards and
environment.

Product Range Of BHEL

BHEL's product range include: Steam turbines and generators of up to
500MW capacity for utility and combined-cycle
applications; Steam turbines for CPP applications; Gas turbines of up to
260MW (ISO) rating;
Custom-built conventional hydro turbines of Kaplan, Francis and Pelton
types with matching generators, pump turbines with matching motor-
generators; Spherical, butterfly and rotary valves and auxiliaries for hydro
station; HSD, LDO, FO, LSHS, natural-gas/biogas based diesel power plant;
Industrial turbo-sets of ratings from 1.5 to 120MW; Steam generators for
utilities, ranging from 30 to 500MW capacity, using coal, lignite, oil, natural
gas or a combination of these fuels; Pulverized fuel fired boilers; Stoker
boilers; Atmospheric fluidized bed combustion boilers; Circulating fluidized
bed combustion boilers; Waste heat recovery boiler; Boiler Auxiliaries; Heat
Exchangers & Pressure Vessels; Pumps; Power Station Control Equipment;
Switchgears; Bus Ducts; Transformers; Insulators; Capacitors; Energy
Meters etc.

Power Sector
Generation

Power Generation Sector comprises thermal, gas, hydro & nuclear power
plant business. As of 31.3.2006, BHEL-supplied sets account for nearly
76,742 MW or 65% of the total installed capacity of 118561 MW in the
country, as against Nil till 1969-70.

BHEL has proven capabilities for executing power projects from concept to
commissioning. It possesses the technology and capability to produce
thermal sets with super critical parameters up to 1000 MW unit rating and
gas turbine-generator sets of up to 250 MW units rating.

Cogeneration & combined-cycles plants have been introduced to achieve

higher plant efficiencies. To make efficient use of the high-ash-content coal
available in India, BHEL supplies circulating fluidized bed combustion
boilers to both thermal and combined-cycle power plants.
The Company manufactures 235/250 MW nuclear turbine generator sets,
and has commenced production of 500 MW nuclear turbine generator sets.

In all, Orders for more than 700 utility sets of thermal, hydro, gas and
nuclear have been placed on the Company as on date. The power plant
equipment manufactured by BHEL is based on contemporary technology
comparable to the best in the world, and is also internationally competitive.

The Company has proven expertise in Plant performance Improvement

through renovation, modernization and updating of a variety of power plant
equipment, besides specialized know-how of residual life assessment, health
diagnostics and life extension of plants.

Transmission

BHEL also supplies a wide range of transmission products and systems of up

to 400 kV class. These include high-voltage power & instrument
transformers, dry-type transformers, shunt & series reactors, 33 kV gas-
insulated sub-station, insulators. For economic transmission of bulk power
over long distances, High Voltage Direct Current (HVDC) systems are
supplied. Series and shunt compensation systems, to minimize transmission
losses, have also been supplied.

Industries

BHEL is a major contributor of equipment & systems to industries; cement,

sugar, fertilizers, refineries, petrochemicals, steel, paper, etc. The range of
systems & equipment supplied includes : captive power plants, DG power
plants, high-speed industrial drive turbines, industrial boilers and auxiliaries,
waste heat recovery boilers, gas turbines, heat exchangers and pressure
vessels, centrifugal compressors, electrical machines, pumps, valves,
seamless steel tubes and process controls. The Company is a major producer
of large-size thyrister devices.
It also supplies digital distributed control systems for process industries, and
control & instrumentation systems for power plant and industrial
applications.
BHEL is the only company in India with the capability to make simulators
for power plants, defense and other applications.

The Company has commenced manufacture of large desalination plants to

help augment the supply of drinking water to people.

Transportation

Most of the trains operated by Indian Railways, including the metro in

Calcutta, are equipped with BHEL’s traction electrics and traction control
equipment.

The Company supplies electric locomotives to Indian Railways and diesel

shunting locomotives to various industries. 5000/4600 hp AC/DC
locomotives developed and manufactured by BHEL have been supplied to
Indian Railways. Battery-powered road vehicles are also manufactured by
the Company.

BHEL also supplies traction electrics and traction control equipment for
electric locos, diesel-electric locos, and EMUs/DEMUs to the Railways.

Telecommunication

BHEL also caters to Telecommunication sector by way of small, medium

and large switching systems.

Renewable Energy

Technologies that can be offered by BHEL for exploiting non-conventional

and renewable sources of energy include: wind electric generators, solar
power based water pumps, lighting and heating systems.
The Company manufactures wind electric generators of unit size up to 250
kW for wind farms, to meet the growing demand for harnessing wind
energy.
 Human Resource Development

As a process of linking HRM to market forces/stakeholder driven

policies, an e-enabled Performance Management System has been
established for executives – a new benchmark in promoting performance-led
growth. To encourage individuals for capability building and for continuous
improvement through creativity & innovation in every sphere of activity, an

The greatest strength of BHEL is its highly skilled and committed manpower.
Every employee is given an equal opportunity to develop himself and improve
his position. Continuous training & retraining, career planning, a positive work
culture ad participative style of management have engendered development of
a committed and motivated work force ready to take up the challenge of
making BHEL a competitive world-class organization.
e-network based ‘Improvement Projects Rewards Scheme’ (IMPRESS) has
been introduced company wide.
 The Board of Directors in January, 2007 recommended the issue of Bonus
Shares in the ratio of 1:1 to the Shareholders of the company. Subsequently,
an Extraordinary General Meeting of the Shareholders of the Company was
convened on 30th April, 2007. The Shareholders approved increase in the
Authorised Share Capital from Rs 325 crore divided into 32.50 crore Equity
Shares of Rs 10/- each to Rs 2,000 crore divided into 200 crore Equity
Shares of Rs 10/- each and approved issue of Bonus Shares in the ratio of
1:1 i.e. one Bonus Share of Rs 10/- each for every one fully paid up Equity
Share of Rs 10/- each held by them on the ‘Record Date’. The bonus share
will rank pari-passu for payment of dividend along with the existing share
capital of the company as per the listing requirement. The ‘Record Date’ to
ascertain the names of the Shareholders who were eligible for Bonus shares,
both in physical mode as well as in the electronic mode was fixed as 1st
June, 2007. The Committee of Board of Directors of the Company allotted
the Bonus Shares on 6th June, 2007 to all the Shareholders, whose names
were in the Register of Members or in the respective beneficiary accounts
with their depository participants, as on 1st June, 2007.

The Board has recommended a final Dividend of 60%, Rs 293.71 crore on

the enhanced paid-up share capital consequent to 1:1 bonus issue equivalent
to 120% on the pre-bonus equity share capital for the year 2006-07. An
interim dividend of 125%,Rs 305.95 crore, on share capital of Rs 244.76
crore has already been paid for the year 2006-07. Thus the total dividend
payment for the year 2006-07 is Rs 599.66 crore (exclusive of dividend tax)
as against Rs 354.90 crore paid in the previous year.

Provision of Rs 49.92 crore has been made for Corporate Dividend

Tax on the final dividend proposed Corporation Dividend Tax of Rs 42.91
crore has already been paid on the interim dividend.

Year at a Glance
(Rs. in crores) 2006-07 2005-06 Change (%)
Orders Received 35643 18938 88.21
Orders Outstanding 55000 37600 46.28
Turnover 18738.95 14525.49 29.01
Value Added 7182.27 5682.80 26.39
Employee (Nos.) 42124 42601 -1.12
Profit Before Tax 3736.07 2564.35 45.69
Profit After Tax 2414.70 1679.16 43.80
Dividend 599.66 354.90 68.97
Dividend Tax 92.83 49.78 86.48
Retained Earnings 1722.21 1274.49 35.13
Total Assets 22362.54 17505.92 27.74
Net Worth 8788.26 7301.38 20.36
Total Borrowings 89.33 558.24 -84.00
Debt: Equity 0.01 0.08 -87.50
Per Share (in Rupees):
- Net worth 359.06 298.31 20.36
- Earnings 98.66 68.60 43.80
Economic value added 1657 1079 53.51
(US $ in million)
Turnover 4344 3270 32.84
Profit Before Tax 866 577 50.01
Profit After Tax 560 378 48.15
Conversion Rates (Rate as on 31st March):
1 US $ = Rs 43.14 for 2006-07
1 US $ = Rs 44.42 for 2005-06

Order Received
 Order received during the year increased by 88.21% from Rs 18938 crore in
2005-06 to Rs 35643 crore in 2006-07.

(Rs.in crore) 2006-07 2005-06

Power Sector 27730 10862
Industry Sector 6010 4728
International Operations 1903 3348
Total Orders Booked 35643 18938
Order Book outstanding at the end of the
55000 37600
year

Performance of Business Segments

Orders worth Rs 27730 crore were booked by the Power Sector for supply and
installation of 9724 MW for supply of generating equipment and also for spares &
services. This is the highest ever orders booked by Power Sector, in any financial year,
in financial and physical terms.

The above includes orders for supply & installation of 12 Nos of 500 MW sets and
12 Nos of 195/250 MW sets and orders worth Rs 3218 crore towards Spare & Services
business, highest ever in any financial year, in financial and physical terms.

Following are the significant orders for main equipment

COAL (8925 MW)

 (a) Turnkey Orders:

• 2x500 MW Mejia Phase II of Damodar Valley Corporation (DVC)

• 1x250 MW Budge-Budge Unit-3 (Civil without Chimney & Switch

Yard) of Calcutta Electricity Supply Co. (CESC)

• 1x250 MW Santaldih from West Bengal Power Development

Corporation Ltd. (WBPDCL)

(b) EPC Orders

• 1x500 MW Bellary Unit 2 of Karnataka Power Corporation Ltd.

(KPCL)

(c) Power Plant Packages

• 2x490 MW NCTPP Stage II, 1x500 MW Farakka Stage III and 2x500
MW Simhadri of National Thermal Power Corporation (NTPC)

• 250 MW each New Parli & Paras Expansion (BTG with electricals)
of Maharashtra State Power Generation Corporation Ltd. (MSPGCL).

• 1x500 MW Khaperkheda Expansion & 2x500 MW Bhusawal

Expansion BTG with electricals) of MSPGCL

• 2x250 MW Paricha Expansion & 2x250 MW Harduaganj Expansion

(Including Civil) of Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUN)

Hydro (799 MW excluding pump motor sets if 180 MW)

  4x7.5 MW Koil Sagar St. I & II Pump-motor sets from IVRCL
Infrastructure Ltd. for Irrigation Schemes of Andhra Pradesh
Irrigation Deptt.

 4x130 MW Parbati-III of National Hydro Power Corporation Ltd.

(NHPC)
 2x25 MW Nagarjunasagar TP Dam, 1x9MW Pochampad and 4x30 MW
Pulichintala of APGENCO
 3x33.3 MW UHL-III of Himachal Pradesh State Electricity Board
(HPSEB)
 (Other Hydro Orders: Pump Motor Sets for Irrigation Canal Lift
System)
 5x30 MW Kalwakurthy St. III Pump-Motor Sets from Gammon India

Plant Performance Improvement and Renovation & Modernisation

Orders

Plant Performance Improvement (PPI) orders for uprating of 5 units of Obra of 200 MW
216 Mw each, 2 units of Bhatinda TPS from 110 MW to 120 MW each, 5 units of Rihand HE
from 50 MW to 55 MW each were received during the year.

Order for uprating of 5 units of Obra of 200 MW each to 216 MW was not only th
largest Renovation & Modernisation (R&M) in the country but also the first order for upratin
of 200 MW sets.

Orders for Renovation & Modernisation (R&M) of 2x120 MW units at Gandhinag

TPS was also received during the year.

Special Facilities at HEEP, Haridwar

 Over speeds Vacuum Balancing Tunnel (for Rotors up to 1300 MW

unit size ST/TG)
 Over speed Balancing installation for large TG rotors
 Micalastic Impregnation Plants
 Large size Turbo generator Test Bed
 Vacuum Pressure Impregnation (VPI) Plant
 Generator Research Institute
 Hydro Turbine Model Testing Laboratory
 World Class New Blade Shop

Manpower
(as on 24.6.06)
 ACHIEVEMENT

1. BHEL is one of the nine large Public Sector Undertakings known as navratnas or
nine jewels.

2. The BHEL plants in Haridwar have earned the ISO - 9001 and 9002 certificates
for its high quality and maintenance. BHEL have also earned the ISO - 14001
certificates.

3. The company has been earning profits continuously since 1971-72 and paying
dividends since 1976-77.

4. Acquired certifications for Quality Management Systems (ISO 9001),

Environmental Management Systems (ISO 14001) and Occupational Health &
Safety Management Systems (OHSAS 18001).

5. Installed equipment for over 90,000 MW of power generation.

Supplied over 2,25,000 MVA transformer capacity and other equipment
operating in Transmission & Distribution network up to 400 kV (AC & DC).

6. Supplied over 25,000 Motors with Drive Control System to Power projects,
Petrochemicals, Refineries, Steel, Aluminum, Fertilizer, Cement plants, etc.

7. Supplied traction electrics and AC/DC locos to power over 12,000 km railway
network.

8. Supplied over one million Valves to Power Plants and other Industries.
 MAJOR MILESTONES OF THE UNIT

1962: Technical collaboration with Prommasho export,

USSR for setting up HEEP.

1967: First product (Electric Motor) rolled out.

1969: Manufacturing of first 100MW Steam Turbine

1971: Manufacturing of first 100MW Turbo Generator

1974: Breakeven achieved. Technical collaboration with

KWU (Siemens), Germany for coal based thermal sets

1976: First 200MW coal based Thermal Set commissioned

1983: First 500MW coal based Thermal Set commissioned

1989: Technical collaboration with KWU for Gas Turbine

1991: Collaboration with Oto-Melara, Italy signed for Defense Project

1993: Accreditation of ISO-9001- Quality System

2000: Accreditation of ISO-14001- EMS

2001: Technical collaboration with KWU for coal based

Thermal sets up to 1000MW extended for 10 years

2002: Accreditation of OHSAS-18001

2004: New Blade Shop Established.

2005: Commendation for Significant achievement in CIIEXIM

Bank Award with TQ Score 550-600
 Major Orders Secured:

• Traction electrics for 3-phase 6000 HP electric Locos.

• 91 sets of traction electrics for EMU/MEMU.

• Traction electrics for Diesel Electric Locos.

• 17 nos. Shunting Locomotives.

Industrial products business:

— Industrial Products (Electrical)

• All time high order for 1301 nos motors booked. This includes orders for HT
motors from major Cement manufacturers like Grasim, JP, ACC, GACL etc and
special large sized slow speed pressurized synchronous motors (3450kW/18P) for
refineries.

• New H Compact series energy efficient HT motors introduced. Orders for 25

nos procured and commercial production started by Bhopal.

— Industrial Products (Mechanical)

• Order for Recycle Gas compressor from Bharat Oman Refinery at Bina in
Madhya Pradesh.

• Order for BCL406B + ST Recycle gas compressor from IOCL Haldia, West
Bengal through M/s Punj Lloyd.

• All time high order-booking of Well Heads and X-Mas tree valves.

Transmission Business:

The major orders won against competition from national/international players

are as follows:

— secured order for +/- 500 KV 2500 MW Balia - Bhiwadi HVDC Project
from POWERGRID.

Following Orders received in the area of new indigenous technologies in

Transmission:

• First commercial Order for 145 kV GIS from APTRANSCO.

 National Recognition to Employees

PRIME MINISTER’s SHRAM AWARDS

Upto
2001 2002 2003 2004 Total
2000

10 1 1 1 2 15

VISHWAKARMA RASHTRIYA PURSKAR

Upto 2001 2002 2003 2004 Total

2000

123 4 5 1 6 139

Six employees won Vishwakarma Rashtriya Puraskars on 17

Sept, 2005
 BHEL’s USP
Indo Asian produces a wide variety of electrical distribution and
transmission equipment right from Heavy Duty Switch Boards and Panels
used in power distribution network, a variety of wires for transmission of
electricity, Circuit Protection Equipment including Moulded Case Circuit
Breakers, MCBs and Distribution Boards etc to electronic controls.

Apart from that Indo Asian manufactures whole range of lighting

equipment including power efficient CFLs, PLLS and a variety of other
power efficient lighting sources and luminaries for domestic, commercial
and industrial applications.

Indo Asian’s USPs are its offer of wide range of electrical switchgears
& control equipment for perfect reliability, Lighting products for maximum
power conservation and their easy availability/access all over India.

OBJECTIVE OF NEW DEVELOPMENTS

• MORE EFFICIENT AND RELIABLE PRODUCT

• REDUCED EQUIPMENT & INSTALLATION COST
• SHORTER DELIVERY & COMMISSIONING TIME
• HIGHER AVAILABILITY
• INDIGENISATION
• MEET SPECIFIC CUSTOMER REQUIREMENT
• RENOVATION / MODERNIZATION / UPRATING OF OLDER
SETS
• NEW RATING SETS WITH STATE OF ART TECHNOLOGY

SOCIAL WELFARE
BHEL has also been indulging in some social & welfare activities. In
Haridwar it has made some buildings & institutions for the welfare of people
whose expense is itself beard by BHEL. Some of the activities are-

1) 180 Bedded Hospital

2) 8 Dispensaries & 1 Charitable Dispensary
3) 9 Ladies Welfare Central
4) 5 adopted villages
5) 18 School & Colleges including Bal Bhawan
6) 2 Sports Complex (Stadium & Khel Bhawan)
7) 2 Barat Ghar
8) 4 Club & Community Centers
9) 6186 Residential houses

Some other welfare activities are-

1) Rainwater harvesting for conservation of underground water.

2) Has planted near about 50,000 trees.
3) Organize literacy camp for contract labors.

Recent Achievement

Bharat Heavy Electricals Limited has outbid French equipment maker

Alstom by winning a Rs 2,200-crore turnkey contract for setting up a
Combined Cycle Power Plant in Tripura. The order for supply &
commissioning of two fuel efficient gas turbine has been placed by ONGC
Tripura Power Company Ltd (OTPCL), a joint venture of ONGC, IL&FS
and the Government of Tripura.
Finance Section
There are total 12 sections in the finance department:-

1) Book Section & Budget

2) Sales
3) Cost
4) System Group
5) Store Bills
6) Foreign Payment
7) Cash Section
8) Payroll Section
9) Administration
10) Stock Verification
11) PSL (Price, Stored, Ledger)
12) Purchase Finance

There are total 60 executives & about 55 non-executives (Accountants).

Details of various sections of finance in BHEL-

1) Book Section- This section prepares all the books/records of the

company i.e. records of the company and reports to the corporate
office various information from time to time as required by them
relating to the budget etc. The main function of this section is to keep
update records of the company.

2) Sales Section- All sales are recorded by this section. This section
prepares the invoices of all the sales made to various customers and
records the turnover. It prepares all MIRs related to turnover and
provided to corporate office.
3) Cost Section- This section computes the cost of the products
manufactured by the company and provides the information to the
management so that they can take decision regarding the price policy
etc.

4) System Group- This section prepares programs prepared by various

departments of finance so that MIRs and other important information
can be generated and produced properly.

5) Stores Bill- All payment of purchases is done by this section. After

scrutinizing the bill of vendors properly payment is made to the
vendors.

6) Foreign Payment- All payments of purchases related to foreign

vendors are made by this section. All LCs are also dealt by this
section.

7) Cash Section- All payments are made by this section e.g. salary
payment, advances and any other expanses. All vouchers are send by
various sections to cash section and on that basis cash section made
the payments.

8) Payroll Section- All functions related to personnel payments are

dealt by this section e.g. salary processing, TA/DA advances,
miscellaneous payments etc. All recoveries from employees also made
by payroll section regarding various facilities provided to employees
e.g. Rent, Electricity, Water, Qtr etc.

9) Administration Section- All works relating to administration is

done by this section.

10) Stock Verification- Total physical verification of stock is done by

this section. They do the verification and reports to the management.

11) Store Finance- All purchases concurrence are done by this section.
This section is also called purchase finance.
 Pay Roll Department

Pay roll department includes many sections. Following are the name of
various sections in pay roll:-

1. Salary Section
2. Establishment Section
3. TA Section
4. Medical Reimbursement
5. Miscellaneous Section
6. Final Payment( Retired employees)
7. Revenue Section
8. PF Section( Temporary & Permanent PF loan)
9. Family Pension

Tour Allowance

Procedure

• First of all, an advanced application was received from the applier

and all the calculations were there by made as per above notifications.

• Then Advanced sum was paid and a receipt was taken from the
applier.

• In the other case of Medical and others, claim is received and they are
checked as per there entitlement and are recovered through
supplementary salary.
 CONCLUSION

The Transparency of the BHEL Employees was tested during this

experience and it also helped to recognize the Procedural ways through
which the Benefits of the Govt. Employees are disbursed through various
methods in various cases.

The procedural encomplishments were learnt

and understood completetly and thus it was entertained with the purpose of
looking into the financial Implications on the BHEL by the Tour allowances.