As a result of constant thrust on developing new technologies and products,Bharat Heavy Electricals (BHEL) registered a 27% growth in its intellectual capital in FY 2009-10. The year witnessed filing of 264 patents and copy rights, marking filing of one patent / copyright every working day.
During fiscal 2009-10, BHEL (Q,N,C,F)* invested Rs 8,290 million on R&D efforts - 20% higher than the previous year. With R&D spend at 2.4% of the turnover; BHEL is the highest spender on R&D in India for its kind of industry. Significantly, BHEL is one of the only four Indian companies and the only Indian Public Sector Co. figuring in `The Global Innovation 1,000` of Booz & Co., a list of 1,000 publicly-traded companies which are biggest spenders on R&D in the world.
Commercialization of products and systems developed by way of in-house Research and Development contributed around 20% to company`s total turnover of Rs 340,500 million in 2009-10.
To address the needs of infrastructure sectors of the economy, BHEL has successfully developed various products and systems. Significant developments during the year include a new design variant of condenser for 660 MW steam turbines having supercritical parameters, high temperature superconducting (HTSC) power transformer; highest rating, more efficient 310 MVA single phase generator transformers for upcoming ultra mega power projects, current transformer for 765 kV ultra high voltage (UHV) transmission substations. These in-house developments will not only address the future needs but also result in enhancing product efficiencies, optimization of designs and enhancing of functional capabilities, etc.
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. BHEL`s long term R&D program focuses on emerging technology areas such as clean coal technologies; nano technology; hydrogen energy technologies; superconducting applications and solar technologies; products and systems for ultra-high voltage transmission segment like 765 kV & 1200 kV for addressing country`s future demands.
Shares of Bharat Heavy Electricals gained Rs 15.6, or 0.63%, to trade at Rs 2,478.75. The total volume of shares traded was 44,975 at the BSE (12.43 p.m., Thursday).
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