BHEL signs MoU with RVNL to jointly work in the field of infrastructure and project execution

BHEL and Rail Vikas Nigam Ltd. (RVNL) have signed an MoU to jointly work in the field of infrastructure and project execution, in India and abroad, through synergy of their respective capabilities.

More details:

  • This will pave the way for collaboration in both the present as well as future areas of operation towards the ‘Atmanirbhar Bharat Abhiyan’ of the Government of India.

About BHEL:

BHEL is a leading state owned company, wherein Government of India is holding 63.17% of its equity. BHEL is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing organization in India, catering to the core infrastructure sectors of the Indian economy viz. energy, transportation, heavy  engineering industry, defence, renewable and non-conventional energy. The energy  sector covers generation, transmission and distribution equipment for thermal, gas, hydro, nuclear and solar photo voltaic.

  • BHEL has been in this business for more than 50 years and BHEL supplied equipment accounts for more than 57% (approx. 180 GW) of the total thermal generating capacity in India. 
  • BHEL is also listed in Indian stock exchanges. BHEL has 16 manufacturing units, 4  power sector regions, 8 service centres  and  15 regional offices besides host of project sites spread all over India and abroad. 
  • BHEL has its footprint in all the inhabited continents with references in 86 countries  including Malaysia, Oman, Iraq, Syria Sudan, Libya, Cyprus, Malta, Afghanistan, Bangladesh, Bhutan, New Zealand etc. with cumulative overseas installed capacity of BHEL manufactured power plants nearing 10,000 MW. The annual turnover of BHEL for  the year 2020-21 was around US$ 2.3 Billion. 
  • The high level of quality & reliability of BHEL products is due to adherence to international standards by acquiring and adapting some of the best technologies from leading companies in the world, together with technologies developed in its own R&D centres.
  • BHEL Corporate R&D, Hyderabad has requisite know-how in end-use application of Hydrogen Economy i.e. for Proton Exchange Membrane Fuel Cells (PEMFC) technology and has developed and demonstrated PEMFC system upto 5 KW for stationary application and upto 1.25 KW for mobility application.

About RVNL:

  • The company began its operation in 2005 with the appointment of a Board of Directors.
  • The company was granted Miniratna status in September 2013.
  • RVNL has been rated “Excellent” for the 9 successive years by the Department of Public Enterprises.
  • RVNL has also been ranked 1st amongst the Railway PSEs for the 4 times out of the last 5 years.
  • The turnover of the company for the financial year 2019-20 has increased by 44.44%.
  • The authorized share capital of the company is Rs. 3000 cr. with paid up share capital of Rs. 2085 cr.
  • The company has been listed after its disinvestment of its stake of 12.16% of the company through IPO.

Source: BHEL -Press Release