सिझता ज्ञापन - dhi.nic.in mou signed15-16.pdf · mou between bhel and...

2015-16

Memorandum of UnderstandingFor

2015-16

Between

BHARAT HEAVY ELECTRICALS LIMITED

And

DEPARTMENT OF HEAVY INDUSTRY

Ministry of Heavy Industries & Public Enterprises

GOVERNMENT OF INDIA

CONTENTS

ITEM Page No.

1. PART - I

- BHEL - Vision, Mission, Values & Objectives 1-2

2. PART - II

- Exercise of Enhanced Autonomy and Delegation of Powers

3

3. PART - III

- Performance Evaluation Parameters and Targets 4-6

4. PART - IV

- Commitments / Assistance from the Government

7

5. PART - V

- Action Plan for Implementation and Monitoring of the MOU 8

6. ANNEXURES

- R&D Projects

(Annexure I)

9

- Project Management & Implementation(NTPC/NHPC Projects)

(Annexure II)

- Project Management & Implementation(SEB & Other Projects)

(Annexure IIa)

10

11

7. SELF DECLARATION 12

8. ANNEXURE-VI-A as per DPE Guidelines 13

9. ANNEXURE-VI-B as per DPE Guidelines 14

MOU 2015-16 BETWEEN BHEL AND MHI&PE

. 1. - I

- - , , 1-2

2. - II -

3

3. III -

4-6

4. - IV - /

7

5. V -

8

6. -

(-I)

9

- ( / ) (-II)

10

- ( ) (-II)

11

7. 12

8. VI 13

9. VI 14

2015-2016

MOU between BHEL and Ministry of Heavy Industries & Public Enterprises, Government of India, for 2015-16 1

PART - I

BHEL VISION, MISSION AND VALUES

Vision

A global engineering enterprise providing solutions for a better tomorrow

Mission

Providing sustainable business solutions in the fields of Energy, Industry &

Infrastructure

Values

Governance: We are stewards of our shareholders' investments and we take

that responsibility very seriously. We are accountable and

responsible for delivering superior results that make a

difference in the lives of the people we touch.

Respect: We value the unique contribution of each individual. We

believe in respect for human dignity and we respect the need

to preserve the environment around us.

Excellence: We are committed to deliver and demonstrate excellence in

whatever we do.

Loyalty: We are loyal to our customers, to our company and to each

other.

Integrity: We work with highest ethical standards and demonstrate a

behaviour that is honest, decent and fair. We are dedicated to

the highest levels of personal and institutional integrity.

Commitment: We set high performance standards for ourselves as individuals

and our teams. We honour our commitments in a timely

manner.

Innovation: We constantly support development of newer technologies,

products, improved processes, better services and management

practices.

Team Work: We work together as a team to provide best solutions & services

to our customers. Through quality relationships with all

stakeholders we deliver value to our customers.

, 2015-16 1

- I

.... ,

,

:

:

: : , : ,

:

: ,

:


PART - I

OBJECTIVES

Growth:

Achieve growth in turnover as envisaged in the Strategic Plan 2012-17

aided by revival of economy to pre-crisis level and continue to contribute

in Indias power generation.

Profitability:

Target stable returns i.e. Gross Operating margin rate at the level of 20%

of Operating Turnover by bringing about operational improvements and

better sourcing.

Project Execution:

Improve Project execution capability by building supply chain agility, skill

enhancement and effective co-ordination.

Research and Development:

Develop strong capabilities in product development & engineering driven

by 15 Mission Projects and through portfolio management involving

technology plans. R&D expenditure to be maintained more than 2% of

Turnover.

Human Resource Development:

Enhance overall organisational performance by building manpower ability

to deal with new technologies, ensuring availability of manpower by

replenishing wastages of around 11,000 nos. as per need till FY2017 and

dealing with career & succession planning.

To facilitate development of the executives across the organisation in

Behavioural competencies covering Execution excellence, Achievement

orientation, Planning & Decision making & People development.

Training interventions in New and advanced technologies as envisaged in

Strategic Plan 2012-17 for growth.

, 2015-16 2

- I

:

2012-17

:

20

:

,

:

15 2 %

:

, 11,000 2017 ,

, ,

2012-17


PART II

EXERCISE OF ENHANCED AUTONOMY AND DELEGATION OF POWERS

BHEL will continue to be empowered with all such delegated powers as are given to

Maharatna and MOU signing companies from time to time.

, 2015-16 3

II

,

-

Excl.

(5)

V.Good

(4)

Good

(3)

Fair

(2)

Poor

(1)

1

(i)

(a) Sales Turnover

(excluding Interest & Other Income, Excise duty,

Custom duty, VAT or any other duty, Tax etc.)

Rs. Cr. 14 46,200 44,000 41,800 39,600 37,400

(b) Gross Operating Margin1 % 10 25.0 24.5 24.0 23.5 23.0

(ii)

(a) PBT/Net Worth % 8 11.73 9.99 8.29 6.61 4.96

(iii)

(a) Average No. of Days of Inventory 2 No. of Days 9 95 97 99 101 103

(b) Trade Receivables (as on 31.03.2016) Rs. Cr. 9 24,000 25,500 27,000 28,500 30,000

Sub-total of Static Financial Parameters 50

Note :

1. Gross Operating Margin = Sales Turnover + Other Operating income as reduced by:

# Documentary evidence is audited Annual Acount for all Finance related parameters

2. Inventory (no. of days) = (Average of opening and closing inventory * 365) / (Turnover net of Excise Duty & Service Tax)

b) 84.3% (production related) of Employee's Cost

Weight

(in %)

CRITERIA VALUE Evaluation Criteria

Efficiency of Asset use

Growth/ Size/ Activity

a) Cost of material consumption, erection & engineering expenses and change in WIP / FG; and

MOU 2015-16 BHEL PERFORMANCE TARGETS

MOU between BHEL and Ministry of Heavy Industries & Public Enterprises, Government of India, for 2015-16

4

PART III

Sl. No.

Profitability

Unit

STATIC FINANCIAL PARAMETERS#

5

4

3

2

1

1

(i)

() ( , , , , )

.. 14 46,200 44,000 41,800 39,600 37,400

() 1 % 10 25.0 24.5 24.0 23.5 23.0

(ii)

() / % 8 11.73 9.99 8.29 6.61 4.96

(iii)

() 2 9 95 97 99 101 103

() (31.03.2016 ) .. 9 24,000 25,500 27,000 28,500 30,000

- 50:1. = + :) , , / ; ) 84.3% ( )

#

2. ( )= ( * 365)/( )

2015-16 -

, 2015-16 4

#

/ /

III

.. (%)

Excl.

(5)

V.Good

(4)

Good

(3)

Fair

(2)

Poor

(1)

2

(i)

(a) Installation of Bio-digester toilet clusters on the bank of Ganges under Clean

Ganga initiatives

No. of Clusters 1 15 12 9 7 5

(b ) Expenditure on Swachh Bharat Abhiyan Initiatives Rs. Cr. 1 10 8 7 6 5

(ii)

(a) R & D Expenditure % of Turnover 1 2.5 2.4 2.3 2.2 2.1

(b) Completion of Specified Milestones of R& D Projects

(as specified in Annexure-I)

-- 2

(iii)

(a) Capacity Utilisation in Manufacturing Units of :

(i) Transformers % 1 69 65 62 58 55

(ii) Motors % 1 44 42 40 38 36

(iii) Boiler & Parts % 1 43 41 39 36 34

(b) Turnover from Export in 2015-16 Rs. Cr. 2 2000 1700 1400 1100 800

(iv)

(a)$ Capacity Addition (in MW) by BHEL for the projects finalized by Ministry of

Power/CEA for the year 2015-16

% of MW 5 100% 90% 80% 70% 60%

(b) Group targets: Completion of Milestones of NTPC & NHPC Date 6

(c ) SEB & Other Projects: Completion of Milestones Date 3

(d) Capital Expenditure Rs. Cr 1 516 340 272 200

5

4

3

2

1

2 /- @(i)

() 1 15 12 9 7 5

() .. 1 10 8 7 6 5(ii)

() % 1 2.5 2.4 2.3 2.2 2.1()

( - I )-- 2

(iii)

() (i) % 1 69 65 62 58 55(ii) % 1 44 42 40 38 36(iii) % 1 43 41 39 36 34

() 2015-16 .. 2 2000 1700 1400 1100 800(iv)

()$ 2015-16 / ( )

% 5 100% 90% 80% 70% 60%

() : 6() : 3() .. 1 516 340 272 200

Excl.

(5)

V.Good

(4)

Good

(3)

Fair

(2)

Poor

(1)

(vi)

(a) Quality Management Effectiveness Review (QMER) : Review and evaluation of Quality Management

systems of no. of identified BHEL divisions as per QMER model.( Units identified for QMER :HEEP

Haridwar,HPEP Hyd.,HPBP Trichi,EDN Banglore,HEP Bhopal)

Score

(out of 1000)

1 500 475 450 425 400

(b) Turnover from products developed in-house during the last five years : from 01-04-2011 % of Turnover 2 25 22 20 18 15

(c) Number of Patents and Copyrights to be filed during 2015-16 Nos. 1 425 400 380 370 360

(d) Percentage (%) reduction in Mandays lost due to reportable loss time injury in manufacturing

Units with respect to year 2014-15.

% 2 10 8 6 3 0

(vii)

(a) Building technical competence:Training interventions in new advanced technologies as envisaged in

Corporate Plan **

No. of persons

trained

2 400 375 350 300 299

(b) Identification of High Potential employees under the Talent Management Scheme of the company Date 2 30-Sep-15 31-Oct-15 30-Nov-15 31-Dec-15 31-Jan-16

(c) Employee Satisfaction Index- Base value: 6.92 (2013-14) % improvement 1 2.5 2 1.5 1

5

4

3

2

1

(vi)

() (): ( : , , , , , )

(1000 ) 1 500 475 450 425 400

() :1.4.2011 % 2 25 22 20 18 15

() 2015-16 1 425 400 380 370 360() 2014-15 ,

(%) % 2 10 8 6 3 0

(vii)

() : **

2 400 375 350 300 299

()

2 30-'15

31-

'1530-

'1531-

'1531-

'16

() - : 6.92 (2013-14) % 1 2.5 2 1.5 1


7

PART IV

COMMITMENTS / ASSISTANCE FROM THE GOVERNMENT

Department of Heavy Industry (MHI&PE) being the nodal / Administrative Ministry,

will assist BHEL in the following areas:

1. Taking up the cause with other Ministries/Departments for providing a level

playing field to domestic players in the field of power equipment manufacture.

a) Suitable measures to implement Maira Committee recommendation in respect of imposition of customs duty with full deemed export benefit need to be considered in order to bridge the extant disadvantage of about 9%.

b) Import of critical raw material like CRGO steel at Nil import duty.

2. Encouragement for indigenously manufactured power equipment.

a) Take up with MoP to tie-up power project orders based on benchmarked prices with Public sector manufacturers like BHEL to utilise manufacturing capacity already setup.

b) Mandatory domestic sourcing of Power Equipment by Private Developers on similar lines of UMPPs/ Central & State Utilities.

3. Support for setting up Power Plant Joint Ventures with State Utilities.

4. Taking up with other Ministries/Departments about Provision of line of credit to

secure business abroad.

a) BHEL may be appointed as nodal agency for execution of all power projects financed by GOI.

b) A suitable mechanism is required to be in place so that at-least in-principle letter of approval for funding under LOC for power projects, could be issued expeditiously to BHEL for submission along with offer.

c) EXIM Bank needs to offer interest rates near to LIBOR rates (as offered by competitors) with project recourse guarantees in place of Sovereign Guarantee.

d) The original guidelines of GOI supported EXIM bank line of credit to entities with 51% Indian Ownership needs to be restored.

5. Support BHEL for removal of impediments (including non-tariff barriers

restricting our participation) in Free Trade Agreements / Economic Co-operation Agreements to provide a level playing field.

6. Appointment of Non-Official Directors a) Timely Action for filling up position of Non-official Directors (Independent

Directors) before completion of term of the concerned Director.

, 2015-16

7

IV

/

( ) / :

1. / ()

, 9% |

() | 2. |

() -

() /

3. |

4. / ()

() ,

,

() ( )

() 51 -

5. / ( , ) , |

6. - () - ( )

Category of

Project from DPE-R&D

Guideline-Annex-I

Excl.

(5)

V.Good

(4)

Good

(3)

Fair

(2)

Poor

(1)

1 Development of

monitoring and

diagnostic techniques

Development of

Expended life

calculation

software for HP &

IP Turbines of

Super Critical

Power Plants.

Milestones to be

achieved by Oct'15

0.5 Software Integration

and Testing.

Development of User

Interface and

communication

interface modules

(OPC).

Development of

Software for Creep

Fatigue

Development of

software for Low

cycle and Stress

cycle fatigue

Study of

requirements and

framing

specifications, data

analysis and deriving

constants for fatigue

calculations

2 Efficiency improvement Development of

1.8 sq.m LP blade

module for 0.2 bar

back pressure

Milestones to be

achieved by Nov'15

0.5 Development of code

for off-design

performance for

other back pressure

(0.2-0.4 bar) &

Consolidation of

design data for

developed module

Strength & Vibration

analysis, High cycle

fatigue of LP module

Blade Profiles & 3D

blade design

including roots for

various stages

Meridional flow path

design and off-design

performance of the

LP Module.

Meanline design of LP

Module

3 Process modification and

development

Development of

Robot trajectory

tracking system for

Welding

Application

Milestones to be

achieved by Jan'16

1 Trials for system

stabilisation &

optimising the

program for cycle

time redution and

conducting post weld

inspection

Development of part

programs & Off-line

programs for desired

profiles

Systems integration

for operator

Interface and

mathematical

coupling

Procurement of

suitable hardware for

Trajectory tracking.

Identification of

different weld groove

profiles and selection

of suitable hardware.

2.0

9


Annexure - I

RESEARCH & DEVELOPMENT PROJECTS

Sl.

No.

Project Performance

Indicator

Wt. CRITERIA VALUE

5

4

3

2

1

1

,2015

0.5

()

,

2 0.2 1.8

,2015

0.5 (0.2-0.4 ) |

.. ,

3

..

..

3

,2016

1

-

2.0

9

, 2015-16

- I

.

- -I

5

Excl.

4

V.Good

3

Good

2

Fair

1

Poor

5001 0.30 Sep'15 Oct'15 Nov'15 Dec'15 Jan'162 0.30 Oct'15 Nov'15 Dec'15 Jan'16 Feb'16

6603 0.40 Sep'15 Oct'15 Nov'15 Dec'15 Jan'16

2004 0.20 May'15 Jun'15 Jul'15 Aug'15 Sep'15

8005 0.50 Sep'15 Oct'15 Nov'15 Dec'15 Jan'166 0.50 Mar'16 -- -- -- --

8007 0.50 Jul'15 Aug'15 Sep'15 Oct'15 Nov'15

6608 0.40 Jan'16 Feb'16 Mar'16 -- --

6609 0.40 Dec'15 Jan'16 Feb'16 Mar'16 --

50010 0.30 Sep'15 Oct'15 Nov'15 Dec'15 Jan'16

66011 0.40 Feb'16 Mar'16 -- -- --

25012 0.20 Jan'16 Feb'16 Mar'16 -- --

66013 0.50 May'15 Jun'15 Jul'15 Aug'15 Sep'15

19514 0.10 Feb'16 Mar'16 -- -- --

6545 5.00



403 0.10 Nov'15 Dec'15 Jan'16 Feb'16 Mar'16

404 0.10 Oct'15 Nov'15 Dec'15 Jan'16 Feb'16

2005 0.30 Jun'15 Jul'15 Aug'15 Sep'15 Oct'15

2006 0.30 Oct'15 Nov'15 Dec'15 Jan'16 Feb'16

560 1.00Total

Mouda-II ,U#4Boiler Hydro Test

Unchahar-IV , U#6

Kanti-II , U#4

Boiler Erection Start


Darlipalli, U#1

Stabilisation

Boiler Erection StartMouda-II ,U#3

TG Boxup

10

NTPC : Projects Milestones

Koldam U#4

Annexure-II

PROJECT MANAGEMENT & IMPLEMENTATION (NTPC & NHPC : Projects Milestones)Rating (MW) Wt. Criteria ValueProject /Milestones

SynchronisationGadarwara, U#1

TG Erection StartBoiler Hydro Test

Vindhyachal-V, U#13SynchronisationStabilisation

Barh-II , U#5

North Karanpura, U#1Start Of Boiler Erection

BRBCL-Nabinagar U#3Boiler Lightup

NPGCPL-Nabinagar , U#3

NHPC : Projects Milestones

Generator Transformer InstallationTLDP-IV, U#2

Generator Transformer Installation

Start of Boiler Erection

SynchronisationTotal

Milestones

Sl No.

Parbati-II, U#2Box Up

TLDP-IV, U#3Box up

TLDP-IV, U#4Stator & Rotor Assy

Parbati-II, U#1Box Up

TLDP-IV, U#1

5

4

3

2

1

500

1 0.30 , 2015 , 2015 ,2015 ,2015 ,20162 0.30 , 2015 ,2015 ,2015 ,2016 ,2016

660

3 0.40 , 2015 , 2015 ,2015 ,2015 ,2016200

4 0.20 , 2015 ,2015 , 2015 , 2015 , 2015800

5 0.50 , 2015 , 2015 ,2015 ,2015 ,20166 0.50 , 2016 -- -- -- --

800

7 0.50 , 2015 , 2015 , 2015 , 2015 ,2015660

8 0.40 ,2016 ,2016 , 2016 -- --660

9 0.40 ,2015 ,2016 ,2016 , 2016 --500

10 0.30 , 2015 , 2015 ,2015 ,2015 ,2016660

11 0.40 ,2016 , 2016 -- -- --250

12 0.20 ,2016 ,2016 , 2016 -- -- 660

13 0.50 , 2015 ,2015 , 2015 , 2015 , 2015195

14 0.10 ,2016 , 2016 -- -- --6545 5.00

40

1 0.10 , 2015 , 2015 , 2015 , 2015 ,201540

2 0.10 , 2015 , 2015 , 2015 , 2015 ,201540

3 0.10 ,2015 ,2015 ,2016 ,2016 , 201640

4 0.10 , 2015 ,2015 ,2015 ,2016 ,2016200

5 0.30 ,2015 , 2015 , 2015 , 2015 , 2015200

6 0.30 , 2015 ,2015 ,2015 ,2016 ,2016560 1.00

-II

( ) /

. .

()

Total

: /-V, #13

II, #5

#4

, #1

, #1

-II, #3

-IV, #1

-II, #4

-IV , #6

-II, #4

Total

-II, #1

, 2015-16 10

, #1

-, #3

-, #3

-II, #2

: /

-IV, #2

-IV, #3

-IV, #4

5

Excl.

4

V.Good

3

Good

2

Fair

1

Poor

Barauni U#8 250

1 Light Up 0.05 Sep'15 Oct'15 Nov'15 Dec'15 Jan'16

2 Box Up 0.05 Oct'15 Nov'15 Dec'15 Jan'16 Feb'16

Barauni U#9 250

3 Light Up 0.05 Nov'15 Dec'15 Jan'16 Feb'16 Mar'16

4 Box Up 0.05 Dec'15 Jan'16 Feb'16 Mar'16 --

Bhavnagar, U#2 250

5 Synchronization 0.10 Sep'15 Oct'15 Nov'15 Dec'15 Jan'16

IB Valley, U#1 660

6 Condenser Erection Start 0.20 Mar'16 -- -- -- --

IB Valley, U#2 660

7 Boiler Erection start 0.20 Sep'15 Oct'15 Nov'15 Dec'15 Jan'16

Sagardighi TPEP, U#4 500

8 Light Up 0.20 Jun'15 Jul'15 Aug'15 Sep'15 Oct'15

Singareni TPP (Adilabad), U#1 600

9 Light Up 0.20 Aug'15 Sep'15 Oct'15 Nov'15 Dec'15

10 Box Up 0.20 Nov'15 Dec'15 Jan'16 Feb'16 Mar'16

Singareni TPP (Adilabad), U#2 600

11 Light Up 0.20 Nov'15 Dec'15 Jan'16 Feb'16 Mar'16

12 Box Up 0.20 Jan'16 Feb'16 Mar'16 -- --

Suratgarh, U#7 660

13 Hydro Test 0.10 Jan'16 Feb'16 Mar'16 -- --

Suratgarh, U#8 660

14 Hydro Test 0.10 Mar'16 -- -- -- --

15 Condenser Erection Start 0.20 Jun'15 Jul'15 Aug'15 Sep'15 Oct'15

Yeramarus U#2 800

16 Light up 0.20 Sep'15 Oct'15 Nov'15 Dec'15 Jan'16

17 Box up 0.20 Nov'15 Dec'15 Jan'16 Feb'16 Mar'16

Lalitpur U#3 660

18 Hydro Test 0.10 May'15 Jun'15 Jul'15 Aug'15 Sep'15

Wanakbori 800

19 Start of Civil work 0.20 Jul'15 Aug'15 Sep'15 Oct'15 Nov'15

Ennore SEZ U#1 660

20 Start of Civil work 0.20 Dec'15 Jan'16 Feb'16 Mar'16 --

3.00

11


Annexure-IIa

PROJECT MANAGEMENT & IMPLEMENTATION (SEB & OTHER PROJECTS) Milestones

Sl No.

Project / Milestones Rating (MW) Wt. Criteria Value

5

4

3

2

1

#8 250

1 0.05 , 2015 , 2015 ,2015 ,2015 ,20162 0.05 , 2015 ,2015 ,2015 ,2016 ,2016

#9 2503 0.05 ,2015 ,2015 ,2016 ,2016 , 20164 0.05 ,2015 ,2016 ,2016 , 2016 --

#2 2505 0.10 , 2015 , 2015 ,2015 ,2015 ,2016

, #1 6606 0.20 , 2016 -- -- -- --

, #2 6607 0.20 , 2015 , 2015 ,2015 ,2015 ,2016

, #4 5008 0.20 ,2015 , 2015 , 2015 , 2015 , 2015

(), #1 6009 0.20 , 2015 , 2015 , 2015 ,2015 ,201510 0.20 ,2015 ,2015 ,2016 ,2016 , 2016

(), #2 60011 0.20 ,2015 ,2015 ,2016 ,2016 , 201612 0.20 ,2016 ,2016 , 2016 -- --

, #7 66013 0.10 ,2016 ,2016 , 2016 -- --

, #8 66014 0.10 , 2016 -- -- -- --15 0.20 ,2015 , 2015 , 2015 , 2015 , 2015

#2 80016 0.20 , 2015 , 2015 ,2015 ,2015 ,201617 0.20 ,2015 ,2015 ,2016 ,2016 , 2016

#3 66018 0.10 ,2015 ,2015 , 2015 , 2015 , 2015

80019 0.20 , 2015 , 2015 , 2015 , 2015 ,2015

#1 660 0.2020 ,2015 ,2016 ,2016 , 2016 --

3.00

11

, 2015-16

-II ( )

. .

/ ()

in Rs. Crore

2010-11 2011-12 2012-13 2013-14 2014-15 2014-15 2015-16

MoU MoU MoU MoU Actual Actual Actual Actual MoU Actual Proj

Capacity Utilisation

(for each plant separately)

Production (in Qty.)

Production (in Rs. Cr.) 38000 43500 47000 43000 43337 49510 50156 40338 45600 30947 46073

Profit & Loss Statement Items

Gross Sales 38000 43500 47000 43000 43337 49510 50156 40338 45600 30947 46073

Less ED 1771 2282 2539 1949 2280 1405 2073

Sales Turnover, excluding interest and

other income (Operating Turnover)

41566 47228 47617 38389 43320 29542 44000

Other operating income 680 751 807 720 397 641 815

Interest and other income 1021 1266 1122 1616 537 834 880

Gross Income/ Gross Receipts 43267 49244 49546 40725 44254 31017 45695

Gross Operating Margin Rate (%) 33.34 30.56 30.57 25.84 24.60 24.67 24.50

Gross Operating Margin 6450 13858 14433 14559 9919 10658 7288 10780

EBITDA (Earnings Before Interest, Taxes,

Depreciation, and Amortization)

8120 9828 10923 6849 9606 11173 10512 6136 6134 3319 4853

Depreciation 579 712 881 1070 544 800 953 983 1083 1077 1091

EBIT (Earnings Before Interest and Taxes) 7542 9116 10042 5779 9062 10373 9558 5153 5051 2242 3762

Interest Expenses 35 89 81 200 55 51 125 133 226 92 175

Prior period Expenses 2 19 0 6 10

Extra Ordinary Items

Any other expenses

Profit Before Tax 7507 9027 9961 5579 9006 10302 9432 5014 4825 2140 3587

Tax 2598 2871 3256 1644 2994 3262 2818 1554 1520 721 1208

Profit after tax 4909 6156 6705 3935 6011 7040 6615 3461 3305 1419 2379

Dividend 1277 1644 2012 787 1525 1566 1323 693 661 284 476

Profit transferred to Statutory reserves

Any Other Item (Tax on Dividend) 250 255 221 118 112 57 97

Profit Transferred to Balance Sheet 4236 5219 5071 2651 2532 1078 1806

Balance Sheet Items

Gross Block 8825 9680 10670 11708 8050 9708 10783 12050 12683 12589 13250

Less: depreciation 4768 5476 6278 7451 4649 5411 6325 7357 8279 8448 9537

Net block 4056 4204 4392 4257 3401 4297 4458 4693 4404 4141 3714

Share Capital 490 490 490 490 490 490 490 490 490 490 490

Reserves & Surplus 18655 23265 28256 31555 19664 24884 29955 32558 34775 33595 35401

Less: deferred revenue exp./

pre-acquisition loss

Less: Profit & Loss A/c (Loss figure)

Net worth 19145 23754 28746 32045 20154 25373 30444 33048 35265 34085 35891

Investments 62 628 1204 895 439 462 429 420 475 418 732

Total Current assets 49914 53983 57878 57113 43278 48715 50959 52018 55243 48538 53906

Total current liabilities & provision 37472 38302 37581 33355 24939 28723 27833 25543 26629 22207 22375

Net current assets 12442 15681 20297 23758 18339 19992 23127 26475 28614 26330 31531

Capital employed 16498 19885 24689 28015 15920 22141 27422 30121 33944 31507 35315

Total long term debt (loan funds) 254 247 294 294 102 123 129 105 2149 61 3000

Total Assets 56871 62304 66621 65694 59260 66776 70128 72791 76636 68467 75305

No of employees of CPSE 46679 48250 51360 47705 46748 49390 48399 47525 44553 44905 42802

Ratios

PAT/Net Worth % 25.64 25.92 23.33 12.28 29.83 27.75 21.73 10.47 9.37 4.16 6.63

EBITDA/Net Block % 282.46 260.03 235.76 130.75 139.28 80.16 130.67

EBIT/Average Capital Employed % 62.92 54.51 38.57 17.91 15.76 7.28 11.26

PAT per Employee (Rs. Lakhs) 12.86 14.25 13.67 7.28 7.42 3.16 5.56

Current Ratio 1.74 1.70 1.83 2.04 2.07 2.19 2.41

Debt Service Coverage Ratio

Operating Cash Flow

Average No. of Days of Inventory 89 95 97 103 98 123 97

Average Inventory Turnover Ratio 4.12 3.85 3.76 3.56 3.72 2.97 3.76

Collection Period of Trade

Receivables

177 204 224 267 236 324 212

Average Debtors Turnover Ratio 1.73 1.50 1.26 0.96 1.10 0.76 1.16

Loans Sanctioned, Disbursements,NPA/Loan Assets & Average Cost of Funds : Not Applicable in case of BHEL

13

TREND OF BHELs PERFORMANCE ON FINANCIAL PARAMETERS FOR THE LAST FIVE YEARS

MOU between BHEL and Ministry of Heavy Industries & PublicEnterprises, Government of India, for 2015-16

14

Particulars REVISED

Annexure VI - A as Per DPE GUIDELINES

2013-142012-132011-122010-11

.

2010-11 2011-12 2012-13 2013-14 2014-15 2014-15 2015-16

( ) ( ) ( ) 38000 43500 47000 43000 43337 49510 50156 40338 45600 30947 46073 38000 43500 47000 43000 43337 49510 50156 40338 45600 30947 46073 1771 2282 2539 1949 2280 1405 2073 , ( )

41566 47228 47617 38389 43320 29542 44000

680 751 807 720 397 641 815 1021 1266 1122 1616 537 834 880 / 43267 49244 49546 40725 44254 31017 45695 (%) 33.34 30.56 30.57 25.84 24.60 24.67 24.50 6450 13858 14433 14559 9919 10658 7288 10780(, , , )

8120 9828 10923 6849 9606 11173 10512 6136 6134 3319 4853

579 712 881 1070 544 800 953 983 1083 1077 1091( ) 7542 9116 10042 5779 9062 10373 9558 5153 5051 2242 3762 35 89 81 200 55 51 125 133 226 92 175 2 19 0 6 10 7507 9027 9961 5579 9006 10302 9432 5014 4825 2140 3587 2598 2871 3256 1644 2994 3262 2818 1554 1520 721 1208 4909 6156 6705 3935 6011 7040 6615 3461 3305 1419 2379 1277 1644 2012 787 1525 1566 1323 693 661 284 476 ( ) 250 255 221 118 112 57 97- 4236 5219 5071 2651 2532 1078 1806- 8825 9680 10670 11708 8050 9708 10783 12050 12683 12589 13250: 4768 5476 6278 7451 4649 5411 6325 7357 8279 8448 9537 4056 4204 4392 4257 3401 4297 4458 4693 4404 4141 3714 490 490 490 490 490 490 490 490 490 490 490 18655 23265 28256 31555 19664 24884 29955 32558 34775 33595 35401: / - : ( ) 19145 23754 28746 32045 20154 25373 30444 33048 35265 34085 35891 62 628 1204 895 439 462 429 420 475 418 732 49914 53983 57878 57113 43278 48715 50959 52018 55243 48538 53906 37472 38302 37581 33355 24939 28723 27833 25543 26629 22207 22375 12442 15681 20297 23758 18339 19992 23127 26475 28614 26330 31531 16498 19885 24689 28015 15920 22141 27422 30121 33944 31507 35315 ( ) 254 247 294 294 102 123 129 105 2149 61 3000 56871 62304 66621 65694 59260 66776 70128 72791 76636 68467 75305 . 46679 48250 51360 47705 46748 49390 48399 47525 44553 44905 42802/ (%) 25.64 25.92 23.33 12.28 29.83 27.75 21.73 10.47 9.37 4.16 6.63/ (%) 282.46 260.03 235.76 130.75 139.28 80.16 130.67/ (%) 62.92 54.51 38.57 17.91 15.76 7.28 11.26 (. ) 12.86 14.25 13.67 7.28 7.42 3.16 5.56 1.74 1.70 1.83 2.04 2.07 2.19 2.41 89 95 97 103 98 123 97 4.12 3.85 3.76 3.56 3.72 2.97 3.76 ( .)

177 204 224 267 236 324 212

1.73 1.50 1.26 0.96 1.10 0.76 1.16 ,,/ :

13

, 2015-16

2010-11 2011-12 2012-13 2013-14

( ) VI

MoU ACT MoU ACT Proj

(a) Installation of Bio-digester toilet clusters on the bank of

Ganges under Clean Ganga initiatives

No. of Clusters -- -- -- -- 12

(b) Expenditure on Swachh Bharat Abhiyan Initiatives Rs. Cr. -- -- -- -- 8

(a) R&D Expenditure % of Turnover Rs. 818 Cr. Rs. 1114 Cr. -- -- 2.4

(b) Completion of Specified Milestones of R&D Projects

(as per Annexure)

% 7 projects 7 projects 5 projects 5 projects 3 projects

(a) Capacity Utilisation in Manufacturing Units of :

(i) Transformer % -- -- 65% 42% 65%

(ii) Motors % -- -- 34% 41% 42%

(iii) Boiler & Parts % -- -- 41% 35% 41%

(b) Turnover from Exports Rs. Cr. -- -- 2850 1418 1700

(iv) Project Management & Implementation

(a) Capacity Addition (in MW) by BHEL for the projects finalized

by Ministry of Power/CEA for the year

% of MW -- -- -- -- 90%

(b) Group targets: Completion of Milestones of NTPC & NHPC Date As per

scheduled

dates

100%

Completed

As per

scheduled

dates

100%

Completed

As per

scheduled

dates

(c ) SEB & Other Projects: Completion of Milestones Date As per

scheduled

dates

100%

Completed

As per

scheduled

dates

100%

Completed

As per

scheduled

dates

(d) Capital Expenditure Rs. Cr. 796 544 400 395 340

(v) Productivity and Internal Processes

(a) Energy/Fuel units in k.Cal/Gross Turnover -ED

(Base Level:132 kCal/Rs. Lacs in 2012-13)

% improvement 3 5 6 7 4

(b) Certification of Two manufacturing unit( Trichy and CFFP

Haridwar) for ISO 50001:2011(E.M.S.)

Date -- -- -- -- 30-Jan-16

(c ) Implementation of Energy Conservation projects (as per

recommendation of energy Audit conducted by the agencies

like CII/PCRA/TERI etc.)

% 30 32 -- -- 34

(vi) Technology, Quality, Innovative Practices

(a) Quality Management Effectiveness Review (QMER): Review

and evaluation of Quality Management systems of no. of

identified BHEL divisions as per QMER model.

Score

(out of 1000)

-- -- -- -- 475

(b) Turnover from products developed in-house during the last

five years

% of Turnover 18% 20% 22% 25% 22%

(c ) Number of Patents and Copyrights to be filed during the

year

Nos. 355 434 390 453 400

(d) Percentage (%) reduction in Mandays lost due to reportable

loss time injury in manufacturing Units with respect to

base year 2014-15

% -- -- -- -- 8%

(vii) Human Resource Management

(a) Building technical competence:Training interventions in

new advanced technologies as envisaged in Corporate Plan

Nos. 4 Programs 5 programs 375

Executives

1297

Executives

375

Executives

(b) Identification of High Potential employees under the Talent

Management Scheme of the company

Date -- -- Designing of

Scheme

30-Jan-15 31-Oct-15

(c) Employee Satisfaction Index

Base value: 6.92 (2013-14)

% improvement 6.2-6.4

(Index)

6.92

(Index)

-- -- 2

(viii) Sector/Enterprise Specific Parameters

(a) Commissioning of one bank of generator Transformer

(comprising of 3 nos. of 275 MVA,765KV,1 Phase Gen.

Transformers as per latest technology) for 660MW Lalitpur

Thermal Power Project.

Date -- -- Manufacture

& supply

29-Nov-14 15-Feb-16

(b) Commisioning of Super Critical Units without DJU support

from collaborator

Date -- -- -- -- 31-Dec-15

(c) Completion of Milestones towards Development of AUSC

Technology for Thermal Power Plants

Nos of

milestones

-- -- -- -- 4

(d) Percentage reduction in Finished Goods (FG) inventory as %

of Turnover (over previous year ratio)

% -- -- -- -- 2.5

14

Annexure VI -B as per DPE guidelines

Trend of BHEL's Performance on Dynamic Parameters

2. Dynamic Parameters

(i) Corporate Social Responsibility & Sustainability Development

(ii) Research & Development

(iii) Initiatives for Growth


Particulars Unit 2013-14 2014-15 2015-16

()

-- -- -- -- 12

() . -- -- -- -- 8

() % . 818 . 1114 -- -- 2.4()

( )% 7 7 5 5 3

() (i) % -- -- 65% 42% 65%(ii) % -- -- 34% 41% 42%(iii) % -- -- 41% 35% 41%() . -- -- 2850 1418 1700(iv) () /

( )%

-- -- -- -- 90%

() :

100%

100%

( ) :

100%

100%

() . 796 544 400 395 340(v) () / . / -

( : 2012-13 : 132 . . ) % 3 5 6 7 4

() 50001:2011 (Trichi & CFFP Haridwar) ( )

-- -- -- -- 30-'16

( ) ( / / )

30 32 -- -- 34

(vi) , , () ():

(1000 ))

-- -- -- -- 475

() % 18% 20% 22% 25% 22%

()

355 434 390 453 400

() 2014-15 , (%)

% -- -- -- -- 8%

(vii) () :

4 5 375

1297

375

()

-- --

30-

'1531-

'15

() - : 6.92 (2013-14)

% 6.2-6.4 ( )

6.92

( )-- -- 2

(viii) / () 660

( 275 , 765 , 1 3 )

-- --

29-

'1515-

'16

()

-- -- -- -- 31-'15

()

.

-- -- -- -- 4

() % ( )

% -- -- -- -- 2.5

14

2015-16

2. (i)

(ii)

(iii)

, 2015-16

VI ( )

2013-14 2014-15

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