Register to Subscribe



Home arrow Engineering, Technology, Research and Development arrow BHEL bags SCOPE Award for R&D, Technology Development and Innovation
BHEL bags SCOPE Award for R&D, Technology Development and Innovation Print E-mail
Written by Ganesh   
Tuesday, 12 April 2011
New Delhi: Bharat Heavy Electricals Limited (BHEL) was presented the 'SCOPE Meritorious Award for R&D, Technology Development and Innovation' for the year 2009-10 at the Public Sector Day celebration function, jointly organised by the Department of Public Enterprises and SCOPE. The President of India Smt. Pratibha Devisingh Patil presented the award to B.P. Rao, Chairman and Managing Director, BHEL.

R&D and technology development are of strategic importance to the company as it operates in a competitive environment where technology is a major factor.

The company's Corporate R&D division at Hyderabad leads BHEL's research efforts in a number of areas of importance to BHEL's product range. Research and Product Development (RPD) centres at all its manufacturing divisions play a complementary role.

During fiscal 2010-11, BHEL invested an all-time high Rs.10050 Million on R&D efforts - 21% higher than the previous year. The company's investment in R&D in FY 2009-10 was Rs.8290 Million. With an R&D spend at over 2.3% of its turnover; BHEL is the highest spender on R&D in India for its kind of industry. Commercialisation of products and systems developed by way of in-house R&D contributed around 18% to the company's total turnover of Rs.434510 Million in 2010-11.

As a result of constant thrust on developing new technologies and products, BHEL has recorded a 31% growth in its intellectual capital in FY 2010-11. During the year, 303 patents and copyrights were filed by the company, translating into filing of over one patent / copyright every working day. Similarly, during FY 2009-10, the company had filed 264 patents / copyrights.

With this, the company's intellectual capital has gone upto 1,438 patents and copyrights filed, which are in productive use in the company's business.

BHEL is one of the only four Indian companies and the only Indian Public Sector Enterprise figuring in 'The Global Innovation 1000' of Booz & Co., a list of 1,000 publicly-traded companies which are the biggest spenders on R&D in the world. BHEL has also won the CII-Thompson Reuters Innovation Award 2010 in the ‘Hi-tech Corporate' category. The award recognises BHEL's innovation and entrepreneurship in India based on number of patents and efficiency and impact of innovation as measured by patent citations.

BHEL has developed the technology for Integrated Gasification Combined Cycle (IGCC) power plants and is pursuing the development of Advanced Ultra Supercritical Thermal Power Plants in the country. BHEL is also actively working on a number of projects in futuristic areas like Clean Coal Technologies, Nano Technology, Fuel Cells, Superconductivity and Thin-film solar cells, etc.

The President also gave away the SCOPE Gold trophy to:

• Steel Authority of India Ltd. for Environmental Excellence & Sustainable Development
• Bharat Electronic Limited for Corporate Governance
• Hindustan Petroleum Corporation Ltd. for Corporate Social Responsibility & Responsiveness
• Indian Oil Corporation Limited for best practices in Human Resource Management
• Punjab National Bank for best managed bank, financial institution or insurance company
• National Safai Karmacharis Finance & Development Corporation for best managed PSE set up under section 25.

Commendation certificates were given to:

• NMDC Limited for corporate social responsibility & responsiveness
• Central Mine Planning & design institute Ltd. for R&D, Technology Development & Innovation
• Power Finance Corporation for best Managed Bank, Financial Institution or Insurance Company.

The President gave the SCOPE felicitation award to the Maharatna CPSES – Indian Oil Corporation Limited, NTPC Limited, Oil & Natural Gas Corporation Limited and Steel Authority of India Limited. On the occasion, the President also released the Public Sector Flag.

The President also gave away certificates of conferment of Mahartna status to Coal India Limited, conferment of Navratna status to Neyveli Lignite Corporation Limited and conferment of Miniratna status to Pawan Hans Helicopters Limited.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2017 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768