Bharat Heavy Electrical Ltd on Wednesday said it has achieved a turnover of Rs 5,405 cr through products developed through its in-house research and development efforts in 2008-09. “BHEL has achieved a record turnover of Rs 5,405 cr - nearly 20 per cent of the total turnover of Rs 27,505 cr in the last fiscal, through products and systems developed by way of in-house research and development efforts,'' a company statement said.
BHEL spent over Rs 650 crore on R&D efforts - 40 per cent more than 2007-08.This is the result of a constant thrust on developing new technologies and products, besides improving existing ones in terms of reliability, cost and quality through in-house R& D initiatives.
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