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

TRP-driven model bred irresponsibility: Sudhir Chaudhary

News profession is organic in nature, requires responsibility and discipline, and there is no room for mistake. To maintain high standards of accuracy you need discipline and hygiene in the newsroom. Sudhir Chaudhary, editor in chief of Zee News, Zee Business and Wion, has said that a TRP-driven business m

This Mumbai NGO empowers children with skills

When Dharmendra Pandey, a fruit-seller had to leave Mumbai after the imposition of the lockdown during the Covid-19 pandemic, and return to his village in Uttar Pradesh, he was staring at economic uncertainties ahead. Little did he know that his 16-year-old son, Mahavir, had acquired skills that would come

Masks: Awareness: near-total, compliance: half-way

Wearing a face mask is the first line of defence against the novel coronavirus, along with maintaining social distance and frequently washing hands with soap. More than six months after the outbreak of Covid-19, nearly 90 percent of people in India have become aware of the necessity of wearing a face mask,

Covid-19: Daily recoveries cross 1 lakh mark, new cases far fewer

Is India finally gaining an upper hand over the Covid-19 pandemic? After weeks of new cases hitting 90,000-plus every day, the tide seems to be turning, as the number came down to 75,083 on Tuesday, and the recoveries were not only higher than that but crossed the 1 lakh mark too. The countr

A travelogue of an inner pilgrimage

Sit Your Self Down A Novice’s Journey into the Heart of Vipassana By Gayatri Jayaraman Hachette India, 212 pages, Rs 399   As stress and strife increase in daily life, more and more people are turning to meditation as an all

Vote in the time of Covid: EC hosts global webinar

On completion of one year of the chairmanship of the Association of World Election Bodies (A-WEB), the Election Commission (EC) of India on Monday hosted an international webinar on the theme of “Issues, Challenges and Protocols for Conducting  Elections during COVID-19 : Sharing Country

Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter