'BHEL has never been afraid of competition'

Established more than 40 years ago, Bharat heavy electricals limited (BHEL) is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector. Its chairman and managing director BP Rao spoke to the Hindustan Times. Excerpts: How do you see BHEL growing amid the emergence of companies setting up power equipment manufacturing hubs?

BHEL started off as a government enterprise and still 67% is owned by the government, of the 33% owned by the private sector, some 40% is held by foreign institutions. Our shares are very heavily traded in the market.
We have never been afraid of competition. Presently, BHEL is having 15 manufacturing units and four power sector regional centres. With 15 regional offices, four overseas offices, one subsidiary and eight separate service centres, BHEL has a very wide reach across India and our penetration of the market is deep. Therefore, we can reach any customer within a matter of hours. We manufacture the entire range of power equipment for all fuels (Thermal, Gas, Hydro, Nuclear, and Renewables) which is why we describe ourselves as an integrated power plant equipment manufacturer. Over the last five to six years we have grown at a rate of 20- 25% per annum, our top line has tripled and the bottom line quadrupled in a matter of four years.

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