BHEL's in-house R&D turnover tops Rs5,405 crore in 2008-09

06 May 2009

Bharat Heavy Electricals Ltd (BHEL) has achieved record turnover of Rs5,405 crore from products developed in-house; - 20 per cent of the company's total turnover of Rs27,505 crore during the financial year 2008-09.

BHEL also filed 202 patents and copyrights during the year 2008-09, taking the company's intellectual capital so far to 857 patents and copyrights.

BHEL's research and development spending rose 40 per cent, recording a significant increase in intellectual capital and commercialisation of products and systems developed by way of in-house R&D efforts, the company said in a release.

The company attributed this to a a constant thrust on developing new technologies and products, besides improving existing products and systems in terms of reliability, cost and quality through in-house R&D initiatives.

Significantly, during the year, BHEL spent over Rs650 crore on R&D efforts – more than 40 per cent it spent in the previous year. In fact, the R&D spend at 2.36 per cent of the turnover, is among the highest in India for its kind of industry, the release noted.

BHEL filed 202 patents and copyrights during the year 2008-09, with around one patent/copyright filed every alternate working day. A notable achievement of fiscal 2008-09 has been the significant growth in the company's intellectual capital to 857 patents and copyrights filed, which are in productive use in the company's business.