A commemorative postage stamp on the 50th Anniversary of the engineering and manufacturing company, owned by the Government of India, Bharat Heavy Electricals Limited (BHEL) :
Issued by India
Issued on Nov 16, 2015
Issued for : Department of Posts is happy to issue a commemorative postage stamp on Bharat Heavy Electricals Ltd. to celebrate its Golden Jubilee.
Stamp / FDC : Brahm Prakash
Cancellation : Alka Sharma
Type : Stamp, Mint Condition
Colour : Multi Colour
Denomination : 500 Paise
Stamps Printed : 0.6 million
Printing Process : Wet Offset
Printer : Security Printing Press, Hyderabad
- Bharat Heavy Electricals Limited (BHEL) is an integrated power plant equipment manufacturer which has emerged as one of the largest engineering and manufacturing companies of its kind in India, engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for core sectors of the economy, viz. power, transmission, industry, transportation (Railways), renewable energy, oil and gas and defence, with over 180 product offerings to meet the needs of these sectors. The company’s diverse product range includes steam turbines and generators for thermal power plants, gas turbines, hydro turbines, industrial turbo sets, boilers and boiler auxiliaries, heat exchangers, pressure vessels, electrostatic precipitators, desalination plants, pumps, solar PV, locomotives, integrated platform management system, control equipment, transformers, insulators and switchgears, to name a few. The establishment of BHEL in 1964 was a breakthrough in the creation of India’s heavy electrical equipment industry.
- To cater to the increase in demand for power generating capacity, a decision was taken by the Government of India to set up three plants for the manufacture of heavy electrical equipment. The first one was at Tiruchirappalli (Tamil Nadu) for high pressure boilers, the second one at Hyderabad (Andhra Pradesh) for steam turbo generators and high pressure pumps and compressors, and the third plant at Haridwar (Uttarakhand) for large steam turbo generating sets and motors and also hydro generating sets including turbines and generators. These three newly conceived projects were part of Heavy Electricals (India) Ltd. for which work was initiated at Bhopal. In November 1964, the government decided to create a separate corporation for setting up andmanaging these three units. Thus, Bharat Heavy Electricals Limited came into being on 13th November, 1964.
- HE(l)L and BHEL were formally merged in January 1974 to create a truly modern global enterprise.
- BHEL today is amongst world’s few companies which have the capability to manufacture the entire range/type of power equipment and has the capability to deliver 20,000 MW of power equipment per annum. Through consistent high performance, BHEL has emerged as India’s largest engineering enterprise and attained the coveted ‘Maharatna’ status in 2013. The Company has also had a track record of earning profits since 1971-72 and has been rewarding investors by playing dividends uninterruptedly every year since 1976-77. In the fiscal year 2013-14, BHEL clocked a turnover of Rs.40,338 Crore with a Net Profit of Rs.3,461 Crore. In the year 2012-13, the company achieved a milestone with a record turnover of Rs. 50,156 Crore with net profit of Rs.6,615 Crore.
- BHEL also has a widespread overseas footprint in 76 countries with the cumulative overseas installed capacity of BHEL manufactured power plants nearing 10,000 MW in countries such as Malaysia, Libya, Oman, Iraq, the UAE, Bhutan, Egypt and New Zealand.
- Text : Based on the material provided by the proponent.