BHEL registers increase in intellectual capital

A record 508 patents and copyrights were filed by the enterprise in 2016-17 FY

GN Bureau | June 24, 2017


#BHEL   #PSU  
 
Bharat Heavy Electricals Limited (BHEL), a Maharatna enterprise, has recorded nearly 14 percent growth in its intellectual capital in 2016-17 fiscal. During the year, a record 508 patents and copyrights were filed by the company, translating into filing of nearly two patents/copyrights every working day.
 
With this, the enterprise’s intellectual capital has gone up to 3,915 patents and copyrights filed, which are in productive use in the company’s business. During this period, BHEL invested Rs 794 crore on R&D initiatives, which was 2.75 percent of its turnover. 
 
Significantly, with its innovation-led growth strategy, the enterprise continues to rank among the highest R&D spenders in the country in the engineering and manufacturing segment.
 
Commercialisation of products and systems developed by way of in-house research and development contributed around 21 percent to the company’s total turnover of Rs 28,840 crore in 2016-17.
 
R&D efforts of the undertaking are aimed at improving the performance and efficiency of existing products, and developing new products using state-of-the-art technologies and processes. Focus is on the relevance to the needs of the country to remain contemporary both in terms of technology and features vis-à-vis global benchmarks.
 
Notably, BHEL is one of the only four Indian companies and the only Indian Public Sector Enterprise that figured 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 CII-Thompson Reuters Innovation Award 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. In addition, BHEL’s innovativeness was recognised by Forbes that ranked it as the ninth most innovative company globally.
 

Comments

 

Other News

On a personal note: Javed Jaffrey

After his much-appreciated debut in Meri Jung in 1985, Javed Jaffrey inspired a new generation of dancers. He then turned from dance to comedy. The versatile actor constantly changes his styles and his live, film, TV and radio appearances always promise novelty and surprise. In 2014 he joined the Aam A

Allegations against CJI: Inquiry will strengthen the independence of the judiciary

Yes, we must stand rock solid with the judiciary and the judges. We must protect the independence of the judiciary too. What does this mean in the present context of a very serious charge of sexual harassment levelled by a former employee of the court against the CJI?  We are told that there is a larg

“Managing data is challenging”

The Centre for Railway Information Systems (CRIS) is a society set up by the railways ministry in July 1986 to provide IT related services to the Indian Railways. CRIS deals in a gamut of functions, like passenger ticketing, freight operations, train dispatching and control, crew management, e-procurement,

A boost to those who need it most

What are 600 million people? Almost twice the population of the US. What are 500 million people? About three-fourth of the population of Europe. Why are we talking about these numbers? Well, because as per a study by Sandhya Krishnan and Neeraj Hatekar (‘Rise of New Middle Class in India and Its

Expanding Eureka!

Abright yellow van with figures of children playing with a whirligig, a Newton’s cradle, a magnetic compass rolls into the Government Higher Primary School in Kittaganahalli, on the outskirts of Bengaluru. Students in the playground leave what they are doing and mill about it in excitement. For they

The spark in the classroom

Not many children dream of starting an idyllic school of their own when they grow up. But Ramji Raghavan, founder of the Agastya International Foundation – which fosters the creative learning of science in stude



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter