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Bhel to invest Rs 1,300 cr for R&D this fiscal

Power equipment maker Bharat Heavy Electricals Ltd (Bhel) may invest around Rs 1,300 crore towards R&D activities in the current fiscal, a senior official of the public sector undertaking said on Tuesday.

'During the last year (2012-13), company-wide R&D investment went up to Rs 1,248 crore, which was an increase of 4.1 per cent over previous year. This year also, the spent will be in the range of 4 per cent over last year's amount,' S Sekar, general manager, Bhel Corporate R&D told reporters in a press conference.

He said the products that were developed in-house have contributed Rs 9,643 crore to Bhel's overall turnover last year.

'Turnover from the in-house developed products and services stood at Rs 9,643 crore, which was 19.3 per cent of the turnover of the company,' he added. Sekar said Bhel's R&D division had filed 385 intellectual property rights comprising copyrights and patents last year, taking the overall tally to 2,170 patents and copyrights.

During 2012-13, Bhel recorded a turnover of Rs 50,015 crore and net profit of Rs 6,485 crore. In the utility segment of the state-run company, capacity addition of 9,328 MW has been achieved, surpassing all the previous records, Sekar added.

Bhel's R&D division has nearly 700 engineers and some of the projects and research works are done jointly with academia.
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