BHEL plans to up R&D spend to Rs 900 cr

Written by Corporate Bureau | Hyderabad, Apr 29 | Updated: Apr 30 2008, 06:51am hrs
The public sector Bharat Heavy Electricals Ltd (BHEL) has plans to increase its research & development spend to Rs 900 crore by the end of 2011-12.

Speaking to media, group general manager of BHEL Corporate R&D, AL Chandraker, said that the future is for the highly technology-intensive products. In order to maintain its supremacy in the high-end technology, the company plans to increase its research spend, he added.

For the fiscal 2007-08, the company has recorded an expenditure of Rs 464 crore towards R&D, as against Rs 239 crore reported in 2006-07, a growth of 83%. It is over 2% of the total turnover of Rs 21,608 crore of the company, Chandraker said.

The R&D division has registered a turnover of Rs 2,936 crore through its company-wide commercialization of products and systems developed in-house, which amounts to 13.6% of the total turnover of the company.

Chandraker said that the R&D has filed 175 patents and copyrights during the year under review, taking the overall intellectual capital of the company to 664 patents and copyrights.

Further, the research division has established a centre called Centre for Intelligent Machines and Robotics at Corporate R&D, besides it has initiated programmes in the futuristic areas like nanotechnology and ceramic filters. Its commendable projects included, commissioning of gas-fired spray pyrolysis system for pilot scale synthesis of nano materials at its Ceramic Technological Institute, Bangalore.