Heavy Electrical Industry in India includes transmission, power generation, distribution, and utilization equipments, turbo generators, boilers, many types of turbines, transformers, switchgears and many allied items. Heavy electrical industry manufactures majority of the products in India that has items such as transformers, switchgears etc. and used by all Indian economy sectors. The major areas multi core projects for power generation, nuclear power stations, petrochemical complexes, chemical plants, integrated steel plants, non-ferrous metal units, etc are using it.
India is the developing country like China to produce a high range of electric power generation and transmission equipment. Bharat Heavy Electricals Ltd. (BHEL) has the unique distinction in the world that manufactures all major power generating equipment in a roof.
The heavy electrical industry has the capability of manufacturing transmission and distribution equipment upto 400 KV AC and high voltage DC. The industry has higher voltage system of 765 KV and facility to supply 765 KV class transformers, reactors, CTS, CVT, bushing and insulators, etc.
The electrical industry investments in R & D are largest in the corporate sector in India and large electrical equipment is also manufactured in India. The heavy electrical industry encompass thermal, hydro and gas based power plants, substation projects, rehabilitation projects, variety of products such as transformers, photo voltaic equipments, insulators, switchgears, motors, etc.
The mission of this industry is to be a leading Indian Engineering Enterprise to provide quality products system and services in the field of energy, transportation, infrastructure and many potential areas. Working capital is classified as Gross Working Capital and Net Working Capital.
Conclusion:
It is concluded that company has a good credit policy, profit is more than last year that is favorable for the company, comparing the financial position and comparing the average collection period and debtors. The company draws a new vision, mission and b\value statements.
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