Agencies, Mumbai

Bharat Heavy Electricals Limited (BHEL) has been awarded the Dalai Street Investment Journal (DSIJ) Award 2018 for the ‘Fastest Growing Maharatna of the year – Manufacturing’, in the country.

An independent jury unanimously selected BHEL for the recognition in the manufacturing category based on outstanding profit and Earnings Per Share (EPS) growth, Company said in a filing with BSE.
As a result of strategic initiatives, BHEL registered quantum growth in its profit and gained significant traction in growth drivers -diversification and technology. In the last three years, BHEL’s profit before tax has surged by three times while registering a consistent revenue growth.

Prudent strategies of garnering higher market share in a shrunken and highly competitive business environment enabled BHEL to maintain its leadership position with 100 percent market share in the thermal power equipment business.

The company also has recorded the highest-ever order booking in transportation and spares business.

BHEL’s transformational journey of continued commitment and efforts to deliver on its purpose – to help in building a New BHEL, and a New India, has resulted in the company continuing on the path of improved performance.