alance Sheet of Bharat Heavy Electricals Mar '12 12 mths

------------------- in Rs. Cr. ------------------Mar '11 12 mths Mar '10 12 mths Mar '09 12 mths Mar '08 12 mths

Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Networth Secured Loans Unsecured Loans Total Debt Total Liabilities 489.52 489.52 0.00 0.00 24,883.69 0.00 25,373.21 0.00 123.43 123.43 25,496.64 Mar '12 12 mths Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Deffered Credit Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets Contingent Liabilities Book Value (Rs) 9,729.62 5,409.83 4,319.79 1,324.63 461.67 13,444.50 26,336.13 6,671.98 46,452.61 14,217.32 0.00 60,669.93 0.00 33,638.01 7,641.37 41,279.38 19,390.55 0.00 25,496.64 2,424.33 103.67 8,049.30 4,648.82 3,400.48 1,762.62 439.17 10,963.03 27,354.62 1,430.15 39,747.80 13,267.07 8,200.00 61,214.87 0.00 31,469.58 15,030.37 46,499.95 14,714.92 0.00 20,317.19 2,324.26 411.71 6,579.70 4,164.74 2,414.96 1,550.49 79.84 9,235.46 20,688.75 865.08 30,789.29 4,801.24 8,925.00 44,515.53 0.00 28,097.73 4,417.98 32,515.71 11,999.82 0.00 16,045.11 2,538.13 325.16 5,224.43 3,754.47 1,469.96 1,212.70 52.34 7,837.02 15,975.50 1,950.51 25,763.03 4,616.67 8,364.16 38,743.86 0.00 23,415.10 4,975.58 28,390.68 10,353.18 0.00 13,088.18 2,546.25 264.32 4,443.03 3,462.21 980.82 658.47 8.29 5,736.40 11,974.87 1,511.02 19,222.29 7,366.17 6,875.00 33,463.46 0.00 16,632.97 7,608.68 24,241.65 9,221.81 0.00 10,869.39 1,673.19 220.10 489.52 489.52 0.00 0.00 19,664.32 0.00 20,153.84 0.00 163.35 163.35 20,317.19 Mar '11 12 mths 489.52 489.52 0.00 0.00 15,427.84 0.00 15,917.36 0.00 127.75 127.75 16,045.11 Mar '10 12 mths 489.52 489.52 0.00 0.00 12,449.29 0.00 12,938.81 0.00 149.37 149.37 13,088.18 Mar '09 12 mths 489.52 489.52 0.00 0.00 10,284.69 0.00 10,774.21 0.00 95.18 95.18 10,869.39 Mar '08 12 mths

Key Financial Ratios of Bharat Heavy Electricals

Mar '12 Investment Valuation Ratios Face Value Dividend Per Share Operating Profit Per Share (Rs) Net Operating Profit Per Share (Rs) Free Reserves Per Share (Rs) Bonus in Equity Capital Profitability Ratios Operating Profit Margin(%) Profit Before Interest And Tax Margin(%) Gross Profit Margin(%) Cash Profit Margin(%) Adjusted Cash Margin(%) Net Profit Margin(%) Adjusted Net Profit Margin(%) Return On Capital Employed(%) Return On Net Worth(%) Adjusted Return on Net Worth(%) Return on Assets Excluding Revaluations Return on Assets Including Revaluations Return on Long Term Funds(%) Liquidity And Solvency Ratios Current Ratio Quick Ratio Debt Equity Ratio Long Term Debt Equity Ratio Debt Coverage Ratios Interest Cover Total Debt to Owners Fund Financial Charges Coverage Ratio Financial Charges Coverage Ratio Post Tax Management Efficiency Ratios Inventory Turnover Ratio Debtors Turnover Ratio Investments Turnover Ratio Fixed Assets Turnover Ratio Total Assets Turnover Ratio Asset Turnover Ratio Average Raw Material Holding Average Finished Goods Held Number of Days In Working Capital Profit & Loss Account Ratios 2.00 6.40 40.05 195.01 -50.00 20.53 18.37 18.86 15.82 15.82 14.36 14.36 40.27 27.74 27.41 103.67 103.67 40.27 1.47 1.11 --200.25 0.00 215.85 153.89 3.74 1.78 3.74 5.07 1.90 2.08 --146.25

Mar '11

Mar '10

Mar '09

Mar '08

10.00 31.15 174.35 858.45 401.65 50.00 20.30 18.76 19.17 14.72 14.72 13.99 13.99 44.25 29.82 29.01 411.71 411.71 44.25 1.32 1.03 0.01 0.01 164.27 0.01 172.96 119.52 4.11 1.75 4.11 5.31 2.08 2.31 101.42 10.27 126.06

10.00 23.30 122.49 678.75 315.11 50.00 18.04 16.13 16.66 13.80 13.80 12.55 12.55 41.37 27.08 26.88 325.16 325.16 41.37 1.37 1.04 0.01 0.01 198.19 0.01 211.86 143.35 3.77 1.81 3.77 5.15 2.09 2.28 83.34 9.80 130.02

10.00 17.00 85.43 543.68 254.23 50.00 15.71 13.93 14.45 12.10 12.10 11.36 11.36 36.95 24.25 23.24 264.32 264.32 36.95 1.36 1.02 0.01 0.01 157.51 0.01 168.40 114.07 3.70 1.90 3.70 5.20 2.05 2.22 80.96 9.74 140.04

10.00 15.25 76.54 399.19 209.99 50.00 19.17 16.73 17.65 15.59 15.59 13.87 13.87 41.56 26.53 27.07 220.10 220.10 41.56 1.38 1.09 0.01 0.01 127.55 0.01 135.94 90.12 3.88 1.80 3.88 4.48 1.81 4.48 88.75 12.03 169.89

Material Cost Composition Imported Composition of Raw Materials Consumed Selling Distribution Cost Composition Expenses as Composition of Total Sales Cash Flow Indicator Ratios Dividend Payout Ratio Net Profit Dividend Payout Ratio Cash Profit Earning Retention Ratio Cash Earning Retention Ratio AdjustedCash Flow Times

52.61 32.05 -30.20 25.86 23.22 73.83 76.53 0.02 Mar '12

47.32 31.26 0.99 2.90 29.52 27.35 69.66 71.94 0.03

53.42 35.15 1.06 4.71 30.90 27.93 68.88 71.89 0.03

58.56 27.81 1.09 6.70 31.02 28.03 67.63 70.87 0.04

53.22 27.73 1.22 4.80 30.54 27.66 70.07 72.83 0.03

Mar '11 122.80 411.71

Mar '10 88.06 325.16

Mar '09 64.11 264.32

Mar '08 58.41 220.10

Earnings Per Share Book Value

28.76 103.67

BHEL is the largest engineering and manufacturing enterprise in India in the energyrelated/infrastructure sector. BHEL manufactures over 180 products under 30 major product groups and caters to core sectors of the Indian Economy viz., Power Generation & Transmission, Industry, Transportation, Telecommunication, Renewable Energy, etc. 1972

- In July the Operations of all the four plants were integrated.

1974

- In January Heavy electrical (India) Ltd was merged with BHEL.

- For the manufacture of a wide variety of products, the company has developed technological infrastructure, skills and quality to meet the stringent requirements of the power plants, transportation, petro chemicals, oil etc.

- BHEL has entered into collaboration which are technical in nature. Under these agreements, the collaborators have transferred, furnished the information, documentation, including know-how relating to design, engineering, manufacturing assembly etc.

1982

- BHEL also entered into power equipments, to reduce its dependence on the power sector. So, it developed the capability to produce a variety of electrical, electronic and mechanical equipments for all sectors,including transmission, transportation, oil and gas and other allied industries.

1991

- On 24th December converted into a public Limited company.

- As per resolution passed on 23rd Dec. 1991, existing shares of Rs.1000 each was subdivided into equity shares of Rs.10 each. 2447,60,000 No. of equity shares of Rs.10 each allotted for consideration other than cash.

1992

- Between January to February the company disinvested 489,52,000 equity shares of Rs.10 each.

- During the year, 10 thermal sets, 2 gas sets and 11 hydro sets were commissioned.

- During the year, first commercial HUDC transmission line in the country between Rihand & Delhi rated for transmitting power at 500 KV at 1500 MW was respectively completed. Also, the company completed prestigious contracts in Malta and Cyprus through supply and Erection of 2 sets of 60 MW thermal sets each.

1994

- The company commissioned two sets of 250 MW at Maharashtra and one 500 MW once-throug tower type boiler at Orissa.

- During the year the company established Asia's largest fuel evaluation test facility at Tiruchi

- The Company commissioned ten industrial power plants resulting in power generating capacity addition of 293 KW.

- The Company undertook the development of photovoltaic power systems for grid assisted operation, solar power refreigerator useful for vaccine and medical storage and demonstration of 2X5 KW phosphoric Acid fuel cell module at a Chlor Alkali plant.

2010

- Bharat Heavy Electrical Limited (BHEL), Indian power equipmen tmaker, has bagged orders valued at Rs 900 crore from Oil and Natural Gas Commission (ONGC) in order to supply six onshore oil rigs.

- Bharat Heavy Electricals Limited (BHEL) has bagged orders worth Rs 3,348 crore in order to set up 376 MW captive power plant at the upcoming Paradip Refinery Project of Indian Oil Corp in Orissa.

2011 -BHEL bags Rs.37,829 Million Mega Contract for installing 2x660 MW Supercritical Thermal Sets from Dainik Bhaskar Power Limited

- BHEL bags major contract for 1,200 MW Thermal Power Plant; Singareni Collieries reposes confidence, places Rs.40,710 Million Mega Contract for setting up thermal power plant in Andhra Pradesh - BHEL employees win 8 Prime Minister's Shram Awards

- BHEL employees win 5 Vishwakarma National Awards and BHEL Units bag 3 National Safety Awards

-Company has splits its Face value of Shares from Rs 10 to Rs 2

2012 - BHEL-developed India's first Ultra High Voltage AC 1200 kV Transformer successfully commissioned

- BHEL pays all-time high 136 per cent Interim Dividend for fiscal 2011-12

- BHEL signs Rs.6,300 Million Contract with Abhijeet Projects Limited for setting up a 300 MW Thermal Power Plant in Visakhapatnam

- BHEL wins SCOPE Meritorious Award 2010-11 for Best Practices in Human Resource Management

- BHEL bags contract for installing 160 MW Combined Cycle Power Plant at Ramgarh in Rajasthan

- BHEL wins major contract for 500 MW thermal power plant; NTPC reposes confidence, places Rs.1,143 Crore order for setting up thermal unit at Vindhyachal

- BHEL receives Rs.9,500 Million Mega Contract for 1,020 MW Hydroelectric Project in Bhutan

- BHEL Signs MoU with Govt. of Tajikistan for setting up a 100 MW Hydro-Electric Power Project in the Republic of Tajikistan

- BHEL pays all-time high Equity Dividend of 320 per cent for fiscal 2011-12

- Mr. B.P. Rao, CMD, BHEL wins Power Man of the Year Award

- The Hon'ble President of India, Shri Pranab Mukherjee, presenting the National Energy Conservation Award 2012 to Mr. B. Prasada Rao, CMD, BHEL

Current Ratio = Current assets/ Current liabilities

Year Current Ratio

2012
1.47

2011
1.32

2010
1.37

2009
1.36

2008
1.38

1.5 1.45 1.4 1.35 1.3 1.25 1.2 2008 2009 2010 2011 2012 Current ratio

Interpretation This ratio is used to assess the firms ability to meet the short trem liabilities on the time. A Current ratio of 2:1 supposed to be an ideal ratio. The higher the ratio, the better it is , because the firm will be able to pay its current liabilities more easily Current ratio of bhel is less than 2:1 , but it is more than last year . This shows that bhel is performing on better liquidity position

Quick Ratio = Liquid assets/ Current liabilities

year Quick Ratio

2012
1.11

2011
1.03

2010
1.04

2009
1.02

2008
1.09

1.12 1.1 1.08 1.06 1.04 1.02 1 0.98 0.96 2008 2009 2010 2011 2012 Liquid ratio

Interpretation An ideal quick ratio is 1:1. If it is more , it is considered to be better .this ratio is better test of short term financial postion of the company than the current ratio. As quick ratio is increasing there will be more liquidity.

Gross Profit Ratio = (Gross Profit /Net Sales)*100

year Gross Profit Ratio

2012
18.86

2011
19.17

2010
16.66

2009
14.45

2008
17.65

25

20

15

gross profit ratio

10

0 2008 2009 2010 2011 2012

Interpretation This ratio measure the margin of profit available on sales. The higher gross profit ratio , the better it is. No ideal standard is fixed for the ratio , but the gross profit ratio should be adequate As this ratio is decreasing in 2009 because of non performing assets.

Net Profit Ratio = (Net Profit/Net Sales)*100

year Net Profit Ratio

2012
14.36

2011
13.99

2010
12.55

2009
11.36

2008
13.87

16 14 12 10 8 6 4 2 0 2008 2009 2010 2011 2012 N P Ratio

Interpretation Net profit ratio is used to measure the overall profitability of the business. The greater ratio the more profitable the business will be. After 2009 the ratio is increase every year.

EPS(Earning Per Share)= Net Profit After Tax & preference dividend / No Of Equity Shares year EPS 2012
28.76

2011
122.80

2010
88.06

2009
64.11

2008
58.41

140 120 100 80 60 40 20 0 2008 2009 2010 2011 2012 EPS

interpretation

The ratio measure the earning per share available to ordinary shareholders EPS affected the market value of the share. It is an indicator the dividend paying capacity of the firm As in above graph EPS is increasing.

DPS (Dividend Per Share )=Profit distributed to equity / No Of Equity Shares

year DPS

2012
6.40

2011
31.15

2010
23.30

2009
17.00

2008
15.25

35 30 25 20 15 10 5 0 2008 2009 2010 2011 2012 DPS

Interpretation

All the profit after tax and preference dividend available for equity shareholder are not distributed among them as dividend. A part of its retained in the business. The balance of profit is distributed among the equity shareholders When the DPS IS increasing, it means the goodwill & market value of share will increase.

Debt Equity Ratio= Toatl Debt / Equity year DER 2012

--

2011
0.01

2010
0.01

2009
0.01

2008
0.01

0.012 0.01 0.008 0.006 0.004 0.002 0 2008 2009 2010 2011 2012

debt equity ratio

Interpretation

DER of 1:1 is considered satisfactory. This ratio is very significant for the evaluation of capital structure of a firm . this ratio explain the fact in what proportion the owners and creditors of the business have provided funds There are no changes in DER of bhel in last five years.

Operating Profit Ratio = Operating Cost / Net Sales *100 year O.P Ratio 2012
20.53

2011
20.30

2010
18.04

2009
15.71

2008
19.17

25 20 15 10 5 0 2008 2009 2010 2011 2012 operating profit ratio

Interpretation This ratio establishes the relationship between all the operating expanses and sales. It is a measurement of the efficiency and profitability of the business enterprise. The lower the operating ratio , more efficient the firm will be In above graph operating ratio is increasing from last 3 years , so management should analyse the reason for it.

Dividend Payout Ratio= ( total dividend paid to euity shareholder / total net profit belonging to equity shareholders)*100 year D/P Ratio 2012
25.86

2011
29.52

2010
30.90

2009
31.02

2008
30.54

32 31 30 29 28 27 26 25 24 23 2008 2009 2010 2011 2012 Dividend payout ratio

Interpretation It explain what percentage of profit after tax & preference dividend has been paid to equity shareholder In above graph after 2009 this is decreasing year by year ,so management should analysis the reason.

Interest Coverage Ratio=EBIT/ Interest year ICR 2012

200.25

2011
164.27

2010
198.19

2009
157.51

2008
127.55

250

200

150 interest coverage ratio 100

50

0 2008 2009 2010 2011 2012

Interpretation This ratio shows whether the interest on long term debts of business can be paid out of profit or not. The greater this ratio, the safer will be the interest of creditors When ratio is decrasing ,the company may face difficulties to raise loans in future.

Introduction
We are an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies in India in terms of turnover. We were established in 1964, ushering in the indigenous Heavy Electrical Equipment industry in India - a dream that has been more than realized with a well-recognized track record of performance. The company has been earning profits continuously since 1971-72 and paying dividends since 1976-77. We are engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, Transmission, Industry, Transportation (Railway), Renewable Energy, Oil & Gas and Defence. We have 15 manufacturing divisions, two repair units, four regional offices, eight service centres and 15 regional centres and currently operate at more than 150 project sites across India and abroad. We place strong emphasis on innovation and creative development of new technologies. Our research and development (R&D) efforts are aimed not only at improving the performance and efficiency of our existing products, but also at using state-of-the-art technologies and processes to develop new products. This enables us to have a strong customer orientation, to be sensitive to their needs and respond quickly to the changes in the market. The high level of quality & reliability of our products is due to adherence to international standards by acquiring and adapting some of the best technologies from leading companies in the world including General Electric Company, Alstom SA, Siemens AG and Mitsubishi Heavy Industries Ltd., together with technologies developed in our own R&D centres. Most of our manufacturing units and other entities have been accredited to Quality Management Systems (ISO 9001:2008), Environmental Management Systems (ISO 14001:2004) and Occupational Health & Safety Management Systems (OHSAS 18001:2007). We have a share of 59% in Indias total installed generating capacity contributing 69% (approx.) to the total power generated from utility sets (excluding non-conventional capacity) as of March 31, 2012.

We have been exporting our power and industry segment products and services for over 40 years. BHELs global references are spread across 75 countries. The cumulative overseas installed capacity of BHEL manufactured power plants exceeds 9,000 MW across 21 countries including Malaysia, Oman, Iraq, the UAE, Bhutan, Egypt and New Zealand. Our physical exports range from turnkey projects to after sales services. We work with a vision of becoming a global engineering enterprise providing solutions for a better tomorrow. Our greatest strength is our highly skilled and committed workforce of 49,390 employees. Every employee is given an equal opportunity to develop himself/herself and grow in his/her career. Continuous training and retraining, career planning, a positive work culture and participative style of management - all these have engendered development of a committed and motivated workforce setting new benchmarks in terms of productivity, quality and responsiveness.

Product

Power Air Preheaters Boilers Control Relay Panels Electrostatic Precipitators Fabric Filters Fans Gas Turbines Hydro Power Plant Piping Systems Pulverizers Pumps Seamless Steel Tubes Soot blowers Steam Generators Steam Turbines Turbogenerators Valves

Industry Capacitors Ceralin Compressors Desalination Plants Diesel Generating Sets Industrial Motors & Alternators Gas Turbines Oil Field Equipment Solar Photovoltaics Power Semiconductor Devices Seamless Steel Tubes Sootblowers Steel Castings & Forgings Steam Generators Steam Turbines Turbogenerators Valves Research & Development To remain competitive and meet customers' expectations, BHEL lays great emphasis on the continuous upgradation of products and related technologies, and development of new products. BHEL's commitment to advancement of technology is reflected in its involvement in the development of futuristic technologies like fuel cells and superconducting generators. BHEL's investment in R&D is amongst the largest in the corporate sector in India. During the year 2011-12, BHEL invested Rs.11,620 Million on R&D efforts- 18% higher than the previous year. R&D and technology development are of strategic importance to BHEL as it operates in a competitive environment where technology is a key driver. Technology development efforts undertaken by BHEL have led to the filing of patents and copyrights at the rate of nearly one a day, significantly enhancing the company's intellectual capital. In 2011-12, BHEL filed 351 patents and copyrights, enhancing the company's intellectual capital to 1,786 patents and copyrights filed, which are in productive use in the company's business. The companay establised four new Centers of Excellence, taking the total tally 13.

Significantly, 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 coveted CIIThompson 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. 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. BHEL has introduced, in the recent past, several state of the art products. Commercialisation of products and systems developed by way of inhouse Research and Development contributed Rs.95,120 Million corresponding to around 19.3% to the company's total turnover in 2011-12. In keeping with the National commitment to a clean environment, BHEL has developed the technology for Integrated Gasification Combined Cycle (IGCC) power plants and is pursuing the development of Advance Ultra Supercritical Thermal Power Plants in the country. BHEL is also actively working on a number of projects in futuristic areas like Clean Coal Technology, Nano Technology, Fuel Cells, Superconductivity and thin film solar cells, etc. to advance the development of technologies for power and industry sector. The engineering and technology character of the organisation will be further enhanced with increased focus on innovation and R&D.

Overseas business
BHEL has been exporting products and services in power and industry segment for approximately 40 years. As of June 30, 2011, we have exported our products and services to more than 70 countries. As of June 30, 2011, we had cumulatively installed generating capacity of over 8,500 MW outside of India in 21 countries, including Malaysia, Iraq, UAE, Egypt and New Zealand, and had approximately 5,200 MW in 19 countries under various stages of execution. Our international operations encompass a wide range of our power and industry segment products and services, including thermal, hydro and gas-based turnkey power projects, substation projects and rehabilitation projects, as well as a broad range of products (such as transformers, compressors, valves, oil field equipment, electrostatic precipitators, photovoltaic equipment, insulators, heat exchangers,

switchgear equipment, castings and forgings) and after sales services. We are particularly active in the Middle East, Southeast Asia and Africa and have been executing turnkey contracts since 1980. Our recently completed projects outside of India include 2x126 MW gas turbine-based Siddhirganj peaking power plant in Bangladesh, 4x126 MW gas turbine-based Sulaymanniah power project in Iraq, 2x42 MW gas turbine-based Al Ghail power plant in UAE and 2x26 MW gas turbine generating sets for Oman Refinery Company in Oman. The Company has been successful in meeting requirements of International markets, in terms of complexity of work as well as technological, quality and other requirements

Quality assurance
owards meeting its Quality Policy, BHEL is using the vehicle of Quality Management Systems, which are certified to ISO 9001:2000 series of Standards by Internationally acclaimed certifying agency, BVQI. Corporate Quality and Unit level Quality structure enables requisite planning, control and implementation of Company-wide Quality Policy and Objectives which are linked to the Company's Vision statement. Corporate Quality derives strength from direct reporting to Chairman and Managing Director of the Company. Other than traditional Quality functions, today the focus is on:

Propagating Quality Management Systems and Total Quality Management. Formulating, implementing and monitoring, "Improvement Plans" with focus on internal and external Customer Satisfaction. Investigations and preventive actions on Critical Quality Issues. Calibration and testing laboratories of BHEL are accredited under the National Accreditation Board for Calibration and Testing Laboratories (NABL) scheme of Laboratory Accreditation, which has got

mutual recognition with Asia Pacific Laboratory Accreditation Conference As a result of its thrust on quality and technology, BHEL enjoys national and international recognition in the form of Product Certification by International Bodies like ASME, API etc. and Plant Approvals by agencies like Lloyds Register of Shipping, U.K., Chief Controller of Explosives India, TUV Germany etc.

In its movement towards Business Excellence and with the objective of achieving International level of Quality, BHEL has adopted European Foundation for Quality Management (EFQM) model for Business Excellence. Through this model and annual self-assessment exercise, BHEL is

institutionalising continuous improvement in all its operations.

Global Impact

BHEL has joined the "Global Compact" of United Nations and has committed itself to support it and the set of core values enshrined in its ten principles. The "Global Compact" is a partnership between the United Nations, the business community, international labour and NGOs. It provides a forum for them to work together and improve corporate practices through co-operation rather than confrontation. BHEL has developed a CSR Scheme and its Mission Statement on CSR is "Be a Committed Corporate Citizen, alive towards its Corporate Social Responsibility". BHEL's contributions towards Corporate Social Responsibility till date include adoption of villages, free medical camps/charitable dispensaries, schools for the underprivileged and handicapped children, ban on child labour, disaster/natural calamity aid, Employment for handicapped, Widow resettlement, Employment for Ex-serviceman, irrigation using treated sewage, pollution checking camps, plantation of millions of trees, energy saving and conservation of natural resources through environmental management.

BHEL shares the growing concern on issues related to Environment and Occupational Health & Safety (OHS), and is committed to protecting Environment in and around its own establishment, and to providing safe and healthy environment to all its employees. For fulfilling these obligations, a Health, Safety & Environmental Policy has been formulated and implemented through management systems.

In recognition of this, BHEL has been awarded the ISO 14001:2004 Environmental Management Systems Certification and OHSAS 18001:2007 Occupational Health & Safety Management Systems Certification from M/s Det Norske Veritas (DNV). Under UNDP programme for specialized services in the area of Environment, BHEL has set up a Pollution Control Research Institute (PCRI). BHEL also has a Model Centre for Occupational Health Services at Trichy, which is a pioneer in this field in India. Today it offers a wide range of occupational health care as well as expertise in work Environment monitoring, Toxicology, Ergonomics and in organization of OHS to multitude of industries for different.

BHEL is a member of CoRE (Corporate Roundtable on Development of Strategies for Environment) launched by The Energy Research Institute (TERI). CoRE is envisaged as a means to facilitate a proactive and catalytic role for industry in addressing the environmental problems plaguing India and helping the industry towards sustainability paradigm. CoRE is now a partner organization to the WBCSD (World Business Council for Sustainable Development). It has signed a memorandum of understanding with WBCSD, now called as CoRE-BCSD, India. Interfaces between companies such asBHEL, TERI and the WBCSD would provide an important link to address issues of sustainable development at a global level and to learn and exchange experience of the participating companies.

BHEL's commitment to environmental issues can be seen as an integral part of its core business. In the field of Non-conventional and Renewable Energy, BHEL has successfully launched products likewind electric generators, solar heating systems, solar photovoltaic systems, solar lanterns andbattery powered road vehicles. Technology upgradation has been done to minimise environmental impact of fossil energy products,by way of low-NOx oil/ gas burners, circulating fluidised bed combustion boilers etc.