### **Core Business Segments and Strategic Initiatives** #### **1. Power Generation: Thermal, Hydro, Nuclear & Gas** BHEL remains a **market leader in India's power sector**, with a comprehensive product portfolio for all major power plant technologies: - **Thermal Power**: - Supplies **steam turbines, boilers, and generators** up to **1,000 MW**, including **supercritical (660–800 MW)** and **Advanced Ultra Supercritical (AUSC)** technology, developed in collaboration with NTPC and IGCAR to improve efficiency and reduce emissions by ~20%. - Offers **Circulating Fluidized Bed Combustion (CFBC) boilers** for low-calorific fuels (e.g., pet-coke, lignite), with a licensing agreement with **Sumitomo SHI FW**. - Provides **Flue Gas Desulphurization (FGD), Selective Catalytic Reduction (SCR), and ESP systems**; holds **~87% market share in FGD** and over **66 FGD and 11 SCR orders executed or under execution**. - Achieved a **first-of-its-kind “flexibilization” solution** for coal plants to support renewable integration, with **27 out of 31 units implemented** and **87% market share** in this segment. - **Hydro Power**: - **Market leader in electro-mechanical (E&M) packages** for new hydro projects and **renovation & modernization (R&M)** of aging sets. - Installed capacity of **over 35,000 MW** across **550+ hydro sets** in India and abroad. - Manufacturer of **hydro turbines and generators up to 400 MW**, **pump-turbines**, and **large pump-motors for lift irrigation** (e.g., Kaleswaram project). - Operates a **NABL-accredited Hydro Turbine Model Testing & Development Laboratory**, the only such facility in India, enabling in-house design and efficiency upgrades for BHEL and non-BHEL turbines. - **Nuclear Power**: - **Sole Indian supplier of nuclear steam turbines and generators**, involved in all three stages of India’s indigenous nuclear program. - Executing turbine island works for **Kudankulam Units 3 & 4 (2x1000 MW)** and bidding on **700 MWe PHWR projects** under NPCIL’s fleet-mode procurement. - Collaborating with **Electricité de France (EDF)** on the **Jaitapur Nuclear Power Project** (6×1650 MWe) to enhance local content. - Developing capabilities for **Small Modular Reactors (SMRs)** in line with India’s target of 100 GW nuclear capacity by 2047. - **Gas & Solar Power**: - Supplies **gas turbines and generators up to 299 MW**, including under EPC contracts. - Domestic EPC leader in **floating solar**, with **152 MW commissioned** (including **India’s largest 100 MW plant at NTPC Ramagundam**). - Owns **105 MW/year solar cell** and **226 MW/year PV module** manufacturing capacity; indigenously developed **PERC technology (efficiency: 21.7%)**. - Restructured solar operations under a dedicated **Solar Business Division (SBD)** to drive profitability and execution agility. --- #### **2. Power Transmission** BHEL is a key player in high-voltage transmission solutions: - **HVDC Expertise**: Over **40 years of experience**; executed India’s first HVDC link (Lower Sileru–Barsoor) and commissioned the **±800 kV, 6,000 MW Agra-Mundra UHVDC project**. - Secured a **landmark ±800 kV, 6,000 MW HVDC order for the Khavda–Nagpur project (FY 2024–25)**. - Supplies **UHV/EHV equipment**: **Converter Transformers, Thyristor Valves, Shunt Reactors, Filter Capacitors, GIS, and Control & Protection Systems**. - Delivers **turnkey EPC solutions** for **EHV substations, HVDC converter stations, and FACTS systems**. - Developed India’s **first indigenous 400 kV GIS bay** under the **Aatmanirbhar Bharat** initiative. --- #### **3. Spares & Services (S&B) Business** - Driven by a **large global installed base** (~197,000 MW), this segment ensures **steady revenue streams**. - Managed by the **dedicated Spares & Services Business Group (SSBG)** with **12 offices, 9 service centers**, and **manufacturing units**. - Achieved **double-digit growth**, with **87% market share in flexibilization**. - Offers **R&M, life extension, health diagnosis, and uprating** for both BHEL and non-BHEL assets. - Deployed digital solutions: **RMDS, RVDS (KAMPAN 1.0), and PALM**, enhancing remote monitoring and predictive maintenance. --- #### **4. Export and International Projects** - Over **four decades of global presence**; projects in **91 countries**, with **13 GW installed and ~3.5 GW under execution**. - Major ongoing projects: - **Punatsangchhu-I & II (Bhutan)**: 6x200 MW & 6x170 MW hydro. - **Arun-3 & Rahughat (Nepal)**: 4x225 MW & 2x20 MW hydro. - **Maitree STPP (Bangladesh)**: 2x660 MW supercritical EPC project. - **Kaduna Solar Mini Grid (Nigeria)**: 1.3 MW. - Recent export wins: - **95 MW generator for Russia** (Apr 2025). - **Safety valves for Costa Rica** (Apr 2025), marking entry into **91st market**. - Targets **Africa, Middle East, and neighboring countries**, with a strategy combining **product supply, EPC, and after-sales services**. --- #### **5. Rail Transportation** - BHEL is a **strategic supplier to Indian Railways**, with **80+ Vande Bharat trainsets** secured under a **joint venture with Titagarh Rail Systems Ltd.** (80 units, **35-year maintenance**). - Developing **three-phase AC propulsion systems for locomotives and EMUs**, with in-house **IGBT-based traction converters**. - Key milestones: - Indigenously designed **700 HP Dual Cab Diesel Electric Locomotive** (Jhansi). - Developed **propulsion system for MEMU Rake** (Raebareli). - Entered **signaling domain** with **KAVACH**, India’s indigenous collision avoidance system. - Plans to support **high-HP electric locomotives, battery/hydrogen trains, and metro systems** under the **National Rail Plan**. --- #### **6. Defense & Aerospace** - Over **50 years of experience** supplying critical systems to the **Indian Navy, Air Force, and space agencies**. - Key capabilities: - **Upgraded Super Rapid Gun Mounts (SRGMs)**: Sole supplier since 1994; **38 upgraded units ordered in 2 years**. - **Permanent magnet motors and electric propulsion** for naval vessels. - **Compact heat exchangers and pump modules** for **military aircraft and helicopters**. - **Integrated Platform Management Systems (IPMS)** for **INS Vikrant**. - Collaborates with **ISRO, HAL, ADA, DRDO**, and **CSIR-IIP**. - Supplied **lithium-ion batteries, titanium tanks, and bimetallic adaptors** for **Chandrayaan-3**. --- #### **7. Diversification & Emerging Business Verticals** BHEL is actively transforming into a **diversified engineering powerhouse**, targeting: - **Coal to Chemicals & Green Fuels**: - Formed **Bharat Coal Gasification & Chemicals Ltd. (BCGCL)** with **Coal India Limited** to build a **2,000 TPD ammonium nitrate plant** in Odisha. - Developed **indigenous Pressurized Fluidized Bed Gasification (PFBG)** technology for **high-ash Indian coal**. - Operates a **168 TPD gasification plant (Trichy)** and **0.25 TPD coal-to-methanol pilot plant (Hyderabad)**. - **Green Hydrogen & Hydrogen Economy**: - Signing **MoUs with global OEMs**, building a **Center of Excellence in Varanasi**. - Investing in **electrolyzers, storage, and fuel cells**. - **E-mobility & Energy Storage**: - Developing **Li-ion batteries, e-buses, powertrains, and EV chargers**. - Executing a **410 kWh BESS project for TERI**. - **Digital & Industry 4.0**: - Launched **RMDS, RVDS, and PALM** for remote diagnostics. - Setting up **HIL/SIL testing facility** (Hyderabad) to support defense and industrial R&D. - **Oil & Gas and Process Industries**: - Successfully executed **Sulphur Recovery Unit (SRU) at IOCL Paradip**. - Supplies **compressors, wellheads, valves, pumps**, and **fired heaters** to downstream sectors. --- #### **Strategic Enablers** - **Make in India Leadership**: - Indigenized **over 40% of critical components** (e.g., FGD parts, turbine blades). - Established **Make in India Business Development Group** and **Centralized Procurement Cell** to reduce costs. - Signed **13+ Technology Collaboration Agreements (TCAs)** with **Siemens, GE, MHI, Mitsubishi, ABB**, and others. - **R&D & Innovation**: - Invests **2.4–3.8% of revenue (~₹3,000+ crore annually)** in R&D. - Operates **14 Centres of Excellence, 5 research centers**, and **Corporate R&D in Hyderabad**. - Collaborating with **IIT-Madras** on **e-waste recovery (green hydrometallurgy)**. - **Sustainability & Aatmanirbhar Bharat**: - Supports **India’s 500 GW RE target by 2030**, **National Green Hydrogen Mission**, and **Net Zero goals**. - Reducing import dependence and strengthening supply chain resilience.