BHEL's R&D contribute Rs 1,151 cr to turnover
The company invested about Rs 150 crore on Research and Development of products and systems during the year.india Updated: May 18, 2006 12:45 IST
Bharat Heavy Electricals Ltd said on Thursday that the company has achieved a turnover of Rs 1,151 crore during 2005-06 through products developed by in-house research and development operations.
This revenue was eight per cent of its total revenue of Rs 14,410 crore in 2005-06, a BHEL release said.
This was the result of a constant thrust on developing new technologies and products, improving existing products and systems in terms of reliability, cost and quality through in-house R&D efforts, it said.
The company invested about Rs 150 crore on Research and Development of products and systems during the year, which was among the highest in the country, it said.
The company also filed for 84 patents, including three abroad, taking the total number of patents filed till date to 339. Out of this, BHEL has been granted 26 patents and the rest are in various stages of processing. Thirteen copyrights have also been filed.
R&D and technology development are of strategic importance to BHEL as it operates in a competitive environment where technology is a major factor, it added.