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7/27/2019 BHEL Org Chart
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7/27/2019 BHEL Org Chart
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A n n u a l R e p
o r t2 0 1 2 - 1 3
Contents
1
. Letter to Shareholders 22. Board of Directors 33
. Management Committee 44. Corporate Organisational Structure 65. Corporate Profile 86. Year at a Glance 157. Awards 188. Directors Report 19
Management Discussion and Analysis 25 Brief Resume of Directors 62 Corporate Governance 64 Conservation of Energy 91 Statement Pursuant to Section 212 of theCompanies Act, 1956 93 Independent Auditors Report 94 Comments of C&AG 100
9. Annual Accounts (Standalone) 101
Audited Accounts with Cash Flow Statement &Notes 103
Significant Accounting Policies 12010. Subsidiary Companies 147
Bharat Heavy Plate and Vessels Limited Directors Report 149 Auditors Report 162 Comments of C&AG 167
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Audited Accounts with Cash Flow Statement &Notes 168 Significant Accounting Policies 186BHEL Electrical Machines Limited Directors Report 197
Auditors Report 199 Comments of C&AG 203 Audited Accounts with Cash Flow Statement &Notes 204 Significant Accounting Policies 215
11. Consolidated Financial Statements 221
Independent Auditors Report 223 Audited Accounts with Cash Flow Statement &Notes 225 Significant Accounting Policies 243
12. Additional Information for Stakeholders 259
Ten Years Financials 261 Net Income under US GAAP 263 Economic Value Added (EVA) 265 Value Addition Statement 266 Performance Annual Plan 267 Contribution to Exchequer 267 Product Profile 268 BHEL in India 277
Global Business 27813. Business Responsibility Report of BHEL: 2012-13 28014. Notice 28515. Corporate Social Responsibility 295
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Letter to Shareholders
Dear Shareholders,
The past year has been a defining one for your company BHEL as
we became a Maharatna company, crossed ` 50,000 Crore
turnover mark and achieved the highest ever addition of 10,340
MW to Indias electricity generation capacity while navigating
through one of the most difficult economic and business
environment of our times. Despite a challenging environment for
Indian industry, your company has not lost its focus on creating
shareholders value. The following outlines the milestones we have
achieved during the year 2012-13:
1 BHEL has achieved the highest ever turnover of ` 50,156Crore during 2012-13 registering a growth of 1% despiteadverse business conditions. With the Net Profit of` 6,615Crore, we were able to maintain the level of previous fiveyears (2007-12) average profit margins of 14% on the
back of strong focus on manufacturing efficiencies.
2 Recognising the consistent performance over a longerperiod of time, your company has been bestowed with
the coveted Maharatna status by Govt. of India,resulting in further empowerment of the Board forgreater business agility.
3 A total of ` 31,650 Crore of orders were received by yourcompany, which was an increase of 43% over 2011-12. It
included 8 nos. of TG, 9 nos. of Boilers and 7 nos. of ESP
packages for supercritical sets. Interestingly with market share
of 67% in power sector, BHEL continues to maintain its
leadership position in Indian market despite rising intensity ofcompetition.
4 Various initiatives taken by your company in recent pastfor accelerated project execution have started fetchingresults. We were able to synchronise/ commission all timehigh 10,340 MW of power plant equipment including 9,328MW in utility segment. Your company successfullycommissioned Indias first indigenously manufacturedsubcritical set of 600 MW rating on EPC basis at NorthChennai.
5 With the objective of becoming an innovative developer ofclean, efficient, reliable and affordable products, systems and
technologies, we continue to relentlessly strengthen our
technology and innovation capabilities. BHEL invested ` 1,252
Crore in R&D during the year. The highest ever 385 patents
and copyrights were filed raising the intellectual capital of
BHEL to 2,170.
6 Your company has signed MoU with Indian Railways forsetting up a green field coach factory for Mainline ElectricMultiple Unit at Bhilwara, Rajasthan. This is a significantstep in our diversification endeavours.
Positioning for Future
We are at a critical juncture in our history as we endeavour tosustain growth momentum, increase shareholder wealth andfulfil our vision of becoming a global engineering enterprise.We are proud of the work your company has done to augmentmanufacturing capacity, enhance pace of project execution,strengthen engineering and technology capabilities, andpeople development.
1 The Company has adopted its Strategic Plan 2012-17. Theplan attempts to steer the company towards becoming a
global engineering enterprise. Key drivers of our success areexpanding our offerings in Power Sector by
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building EPC capability, focus on Industry businesses,expansion of spares
& services and adoption of collaborative approach.
1 Power sector will continue to remain major contributor
in our top line with transportation and transmissionemerging as next big business verticals. Strategies arein place to strengthen our presence in Nuclear,Renewable and Water segments.
2 Efforts are being made to make supply chain agile andaccelerate project execution through sustained focuson vendor base expansion, scaling up procurementthrough technology initiatives, advancedmanufacturing action, global sourcing etc.
3 We are working towards developing lower rating setswith supercritical parameters providing alternatives tothe Utilities to take advantage of this eco-friendly andfuel efficient technology.
4 To expand our nuclear energy portfoilo, efforts to increasescope by offering products beyond conventional island in
Nuclear business are under way.
5 BHELs collaborative initiatives to address the growingdemand potential in Railway Transportation includingMetro & Suburban Railways include initiative with IndianRailways for setting up a greenfield Mainline ElectricalMultiple Unit (MEMU) Coach Factory in Rajasthan.
6 Considering the National Action Plan on Climate Changetargeting 15% of electricity generation from renewables by
2020, BHEL is looking towards expanding its capacity to
manufacture photo voltaic modules & cells.
7 We have constituted R&M Systems Group (RMSG) toaddress emerging opportunities in Renovation andModernisation of Power Plants.
8 In a bid to address the aspirations of the company to
become a preeminent supplier of Industrial Boiler, NuclearSteam Generator & supplier of equipment for processIndustries, merger of BHPV Vizag with BHEL is under way.Further, in a bid to make headway in new product areaslike Alternators for Traction applications etc. facilities ofBHEL-EML Kasargod, a joint venture of BHEL and KeralaGovt., are being leveraged.
9 Engineering and Technology is our strength. Touphold our reputation for excellence in our corecapability, we will continue to upgrade existingproducts to contemporary levels and develop newproducts through continuous in-house efforts as wellas through acquisition of new technologies.
Conclusion
Looking ahead, the Board and Management of your companywill continue to execute various strategies to develop existingassets, optimize business portfolio through diversification,
strengthen financial performance and drive operationalefficiencies throughout the organization. I am confident thatour strategic endeavours would generate sustainable growth,stronger cash flows, and better returns on capital and greatlyimprove shareholder wealth.
I would like to thank my fellow Directors and members of the
Management Committee for their wisdom and support. I would also
like to extend a special thanks to each and every shareholder of
BHEL, whose trust and confidence have been the motivating force
in all our endeavours. I thank all our customers and business
associates in India and abroad for their unstinted loyalty and
steadfast patronage of our products and services. Various Ministries
of GoI, particularly the Department of Heavy Industry, have been
providing valuable guidance and support in our efforts. Finally, a
word of thanks to more than 48,000 employees of BHEL who are
making these successes happen. I am extremely proud of their
outstanding performance over this period and have full confidence
in their ability to deliver even greater success going forward.
With all the ingredients of success, dedicated people,engineering and technological excellence and right business
strategies in place, your company is well positioned to meetthe demands of a growing industry and deliver the type ofconsistent results for which this company is known for.
I look forward to your unwavering support while continuingthe growth momentum in coming years too.
With best wishes,
New Delhi (B. Prasada Rao)
August 14, 2013Chairman & Managing
Director
2
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ANNUAL REPORT
2 0 1 2 - 1 3
Board of DirectorsAs on 01.08.2013
Shri B. Prasada RaoChairman & Managing Directo
Ms. Kusumjit SidhuShri Ambuj
Sharma
Additional Secretary & Joint SecretaryFinancial Adviser
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Shri Trimbakdas S. Zanwar Shri S. RaviShri AtulSaraya
Director Director Director (Power)
Shri P.K.Bajpai
Shri R.Krishnan
Shri W.V.K.
Krishna Shankar
Director (Finance) Director (HR) Director (IS&P)
Shri I.P. SinghCompany Secretary
3
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anagementCommittee
on 18.07.2013
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Standing (Left toRight) :
Akhil Joshi, K.S. Shivaprasad, Rajeev Srivastava, S.V.S. Narayana, Dr. S. Sekar,Arun Singhal,Prakash Chand, Anuj Bhatnagar, N. Ravichander, Rakesh Mathur, S.R. Prasad, A.S.Nagaraja,V.K. Midha, Arvind Gupta, A.K. Ghosh, Rajiv Puri, S. Gopinath
Sitting R-2 (Left toRight) :
K.C. Ramamurthy, S.C. Mittal, Dr. Sukul Lomash, Anil Ahuja, N.K. Bansal, AtulSobti, K.S. Mathur,C.K. Srikhande, A.K. Dave, Umesh Mathur, A. Dasgupta, Subodh Gupta, T.N.Veeraraghavan,B. Shankar, Jainender Kumar
Sitting R-1 (Left toRight) :
P.K. Uppal, A.V. Krishnan, P.K. Bajpai, Atul Saraya, B.Prasada Rao, M.K. Dube, R.Krishnan,M. Rajiv Kumar, W.V.K. Krishna Shankar
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B. PrasadaRao -
Chairman & ManagingDirectorAdditional Charge of:
- Engineering, Research &Development
- Corporate Engineering &Product
Development- Corporate Research &Development
- Advance Research Projects
-Corporate Manufacturing
Technology& Investment Planning
- Corporate Monitoring
-Corporate MaterialsManagement
- Technology Licensing & JointVentures
and M&A
-Centralised Stamping UnitandFabrication Plant
Atul Saraya - Power Sector Business(Marketing, ProjectEngineering,E&C, Project Management,
TechnicalServices, Spares & Services)
M.K. Dube -
Industrial Systems &
Products Business
(Captive Power Plants,
Transmission,Transportation, Defence,Mechanicals,Electricals, Renewables,ProjectManagement)
- Ceramic Business- Component Fabrication Plant- Project Engineering &Systems Division
- Regional Operations Division
P.K. Bajpai - Corporate Finance- Budgeting & Control
- Cost Management- Treasury Management- Accounts & Audit- Taxation- Forex Management- Internal Audit- Financial Services
R. Krishnan - Human Resource- Corporate Communication- Corpoarte Systems andInformation
Technology- CSR, Health, Safety &
Environment
A.V. Krishnan - High Pressure Boiler Plant
- Seamless Steel Tube Plant- Industrial Valves Plant- Welding Research Institute
M. RajivKumar - Power Sector-Eastern Region
P.K. Uppal - International OperationsSubodhGupta -
Captive Power PlantBusiness
- Defence Business- Industry Sector-Project
ManagementJainenderKumar -
Power Sector-ProjectManagement
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B. Shankar - Human Resource & CorporateCommunication
T.N.Veeraraghavan - Boiler Auxiliaries PlantW.V.K. Krishna
Shankar - Industry Sector
A. Dasgupta -Corporate Systems andInformation
TechnologyUmeshMathur - Transmission Business
A.K. Dave - Transformer PlantC.K.Srikhande - Power Sector-Northern Region
K.S. Mathur -Power Sector-ManagementServices
Atul Sobti - Industrial Systems Group
N.K. Bansal -Power Sector-TechnicalServices
Anil Ahuja -Industrials Products Business(Elect. &Mech.)
- Transportation BusinessDr. Sukul
Lomash -
Officer on Special Duty-Corp.
Office
S.C. Mittal -
Finance-Receivables
Management- Contract Closing
K.C.Ramamurthy - Electronics Division
- Electronics Systems Division
S. Gopinath - Piping Centre- Power Plant Piping Unit,
Thirumayam
Rajiv Puri -Project EngineeringManagement
A.K. Ghosh - Power Sector-Southern Region
Arvind Gupta -
Project Engineering & Systems
Division
V.K. Midha - Renewables & Water Business
A.S. Nagaraja - Ceramic Business
S.R. Prasad - Heavy Electrical plant
- Electrical Machines Repair PlantRakeshMathur - Power Sector-Marketing
N.Ravichander - Heavy Power Equipment PlantAnujBhatnagar - Corporate QualityPrakashChand -
Heavy Electrical EquipmentPlant
- Pollution Control ResearchInstitute
Akhil Joshi -Technology Licensing & JointVentures
- Mergers & Acquisitions
Arun Singhal - Power Sector-Western RegionDr. S. Sekar - Corporate Research &
DevelopmentS.V.S.Narayana - Central Foundry Forge PlantRajeevSrivastava - Spares and Services Business
- Heavy Equipment Repair Plant- Renovation & Modernisation
K.S.Shivaprasad -
Secretary, ManagementCommittee
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Corporate Organisational StructureAs on 01.08.2013
BOARD OF DIRECTORS
CHAIRMAN &
MANAGING DIRECTOR
COMMITTEE OF FUNCTIONAL
DIRECTORS
CORPORATE FUNCTIONS *
ED / Corp R&D
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ED / TL & JV, M&A
Tech. Licensing & Joint Ventures
Mergers & Acquisi tions
* Corp. Manufacturing Technology &
Director Investment Planning
Engineering, R&D Corp. Monitoring
Corp. Materials Management
* Centralized Stamping Unit, Jagdishpur
Fabrication Plant, Jagdishpur
* Corp. Engg. & Product Development
Advanced Research Projects
Receivables Management
Exim Policy
ED / Finance & CCG Establishment
Contract Closing Group
Corp. Finance
Budgeting & Budgetary Control
Cost Management
Banking & Insurance
Director
Treasury Management
Pr oject Finance
Finance Accounts & Audit
Ind ir ec t Taxation
Forex Management
Financial Planning & Policies
F inanc ia l Services
Direct Taxation
Internal Audit
Human Resource
Corporate Communication
ED / HR & CC Corp. Productivity Group Medical Services
Legal
ED / CS & IT
Director
Human Resource
Chief Vigilance
Officer
ED / OSD
ED / CQ
Company Secretary
BUSINES
S
SECTOR
S
DirectorPower
DirectorIndustrialSystems
& Products
6
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MANAGEMENT COMMITTEE
OPERATIONS
ED / PS-Marketing
ED / Hydro & Nuclear
ED / PS-ProjectManagement
ED / PS-SSBG
ED / PS-PEM
ED / PS-ER
ED / PS-NR
ED / PS-WR
ED / PS-SR
ED / MSX, SCT, IT
ED / CPP, Defence,PMG
ED / TBG
ED / TBD, IPM & IPE
ED / ROD & CFP
ED / CBU
ED / PE&SD
ED / InternationalOperations
1Power
SectorMarketing
2PS
Marketing,Hydro&Nuclear
3Project
Management
4Spares
&ServicesBusiness
Group$
5Heavy
EquipmentRepairPlant,Varanasi
6R&MSystemsGroup,Bhopal
7Project
EngineeringManagement
8Technical
Services
9PS
EasternRegion,Kolkata
10PS
NorthernRegion,NOIDA
11PS
WesternRegion,Nagpur
12 PS SouthernRegion,Chennai
13 ManagementServices
14 PS HQ- Quality,Safety & MM
15 PS-Human
Resources
16 Captive PowerPlantBusiness
17 DefenceBusiness
18 ProjectManagementGroup
19 Renewables &WaterBusiness
20 TransmissionBusinessGroup
21 TransportationBusiness
22 TransportationSystemsGroup
23 IndustrialProducts
Business(Elect &Mech.)
24 RegionalOperationsDivision
1 ComponentFabricationPlant,Rudrapur
25 ElectroPorcelainsDivision,Bangalore
2
6
InsulatorPlant,Jagdishpur
2
7
Pro
jectEngg.&SystemsDivis
ion,Hyderabad
2
8
Ov
ersea
s Business
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ED / Bhopal
ED / Jhansi
ED / HEEP,Haridwar
ED / CFFP,Haridwar
ED / HPEP,Hyderabad
ED / Trichy
ED / Thirumayam& PC
ED / BAP,Ranipet
ED / EDN,Bangalore
ED / ISG,Bangalore
1 Heavy ElectricalPlant, Bhopal
2 Centre forElectricTransportation, Bhopal
3 EMRP, Mumbai
4 TransformerPlant, Jhansi
5Heavy
ElectricalEquipmentPlant,Haridwar
6
PollutionControlResearchInstitute,Haridwar
7 Central FoundryForge Plant,
Haridwar
8
He
avyPowerEquipmentPlant,
Hyderabad
9
H
igh PressureBoi ler P lant ,Trichy
10 Seamless Steel TubePlant, Trichy
11 Welding ResearchInstitute, Trichy
12 Industr ia l Va lvesPlant, Goindwal
13 Piping Centre,Chennai
14 Power Plant PipingUnit, Thirumayam
15 Boiler Auxilliary Plant,Ranipet
16 Electronics Division,Bangalore
17 Electronics SystemsDivision,Bangalore
18 Industrial SystemsGroup, Bangalore
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$Matrixreporting toDirecto
r(IS&P) forIndustrysectorBusiness *PresentlyreporttoCMD
7
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