Bharat Heavy Electricals Limited (BHEL) (BSE: 500103, NSE: BHEL) is one of the oldest and largest state-owned engineering and manufacturing enterprise in India in the energy-related and infrastructure sector which includes Power, Railways, Transmission and Distribution, Oil and Gas sectors and many more. It is the 12th largest power equipment manufacturer in the world. BHEL was established more than 50 years ago, ushering in the indigenous Heavy Electrical Equipment industry in India. The company has been earning profits continuously since 1971-72 and paying dividends since 1976-77. 74% of the total power generated in India is produced by equipment manufactured by BHEL.
It is one of India’s nine largest Public Sector Undertakings or PSUs, known as the Navratnas or ‘the nine jewels’ . Bharat heavy Electricals Limited is the 12th largest power EQUIPMENT producer in the world.
The town was built in the early 60s, around the Ranipur plant of Bharat Heavy Electricals Limited (BHEL) part of Nehruvian dream of “temples of modern India”. It was developed with Russian and Czech technological collaboration, at peak of Indo-Soviet partnership. In an important move in 1964, Indian signed an agreement with the Soviet Union for the supply of Rs. 23 crores worth of equipment by Heavy Electrical Equipment Plants. In the subsequent years, looking at the need for more advanced technology, it tied up with Siemens AG of Germany for the production of high capacity steam turbines and generators. In 1999, the Ranipur plant, reached a turnover of Rs 1100 crore, which reached Rs 2,658 crore for the year 2007-08. The HEEP plant along had over 7,500 employees.
Today BHEL, is one of India’s nine largest Public Sector Undertakings or PSUs, known as the Navratnas or ‘the nine jewels’. The old village of Ranipur still exists at the edge of the township, just at the entrance of Rajaji National Park. As the town developed, schools eventually over 17 and basic infrastructure, including roads, hospitals and community recreational centres was put into place. Soon ancillaries came around the township in surrounding area, led to economic development of the Jwalapur, and the main Haridwar town itself, which till then survived mostly on tourism.
BHEL Haridwar has a campus of 7,000 acres (28 km2), now 2,034 acres (8.23 km2) of which is inhabited by 200 companies like Hero Honda, Maruti, ITC and many more in the nearby SIDCUL (State Infrastructure and Industrial Development Corporation of Uttarankhand) industrial area. The Integrated Industrial Estate of SIDCUL was an attractive proposition promoted by the Uttarakhand government whereby various financial incentives such as Central Excise duty( 100% for 10 years), Income Tax(100% for 5 years) et al. is being granted. BHEL Haridwar plant itself consists of two plants namely HEEP (Heavy Electricals Equipment Plant) & CFFP (Central Foundry & Forge Plant). CFFP has one of the heaviest forge machines in India.
With Haridwar becoming a district headquarter in 1998, saw new offices were set up near the township in areas surrounding Roshanabad, especially after the formation of Uttarakhand state in 2000.