New Delhi, June 3rd 2019: For its superlative performance, Bharat Heavy Electricals Limited (BHEL) has been awarded the Dalal 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.
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% market share in the thermal power equipment business. The company also has recorded the highest-ever order booking in transportation and spares business.