BHEL Wins CII-Thompson Reuters Innovation Award 2010
Bharat Heavy Electricals Limited (BHEL) has won the coveted CII-Thompson 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.
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 to almost 1,300 patents and copyrights filed, which are in productive use in the company’s business. With an R&D spend at nearly 2.5% of its sales turnover; BHEL is the highest spender on R&D in India for its kind of industry.
BHEL’s Corporate R&D division at Hyderabad leads BHEL’s research efforts in a number of areas of importance to BHEL’s product range. 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.