Minister of Heavy Industries & Public Enterprises, Arvind Ganpat Sawant, has informed that The Government has appointed 2 Government Nominee Directors and 4 Independent Directors who are in place on the Board of BHEL (as on 19.06.2019) who actively contribute in overseeing the Company’s strategic direction, reviewing and monitoring corporate performance, ensuring regulatory compliance and Corporate Governance, and safeguarding the interests of the shareholders. Further, the working and performance of BHEL is reviewed by the Department of Heavy Industry (DHI) on a regular basis. DHI also assists the Company in the achievements of its plan through advisories/ suggestions, suitable inter-ministerial interventions and taking up its issues with other Govt. Agencies/ Departments/ Ministries and Customers on case to case basis.
Bharat Heavy Electricals Ltd. (BHEL) has reported profit in each of the last 3 years (i.e. 2016-17, 2017-18 and 2018-19) as follows:
Amount in Rs. Crore
BHEL: Standalone Results | 2016-17 | 2017-18 | 2018-19 |
Profit Before Tax (PBT) | 628 | 1,585 | 2,058 |
Profit After Tax (PAT) | 496 | 807 | 1,215 |