After recording the maximum-ever turnover of Rs 34,050 crore, BHEL has spend 2.3% of the company’s turnover on R&D, which equals to Rs 788 crore. Including this amount, the Corporate R&D unit in Hyderabad earned Rs 6,334 crore during 2009-10 with the products and systems generated in-house, whereas last year it earned Rs 5,300 crore. BHEL is one among the four Indian companies included in ‘The Global Innovation 1000’ to be rated for its record investment on R&D. The R&D expenditure is expected to increase from the current level to 5% in the upcoming four to five years.
The Corporate R&D unit is associated with particular product development in the department of power generation, transmission and utilization. As a part of an MoU with the government of India, BHEL has advanced new products and applications for power generation.
Moreover, the unit is now opening a center for Nano Technology and centers of excellence in fields of machine dynamics and compressor & pumps. The Centre for Nano Technology will be built with a cost of Rs 8.27 crore, and it is expected to be operative by June 2011. This helps in making BHEL future-ready in the super critical field.