BHEL invested record Rs 829 cr on R&D in FY10

State-run Bharat Heavy Electricals Ltd (BHEL) spent Rs 829 crore on research and development efforts during the 2009-10 fiscal, which was 20 per cent higher than last year.

BHEL invested an all-time high of Rs 829 crore on research and development (R&D) efforts -- 20 per cent more than the previous year, an official statement said.

During the year, 264 patents and copyrights were filed by the company, translating into filing of one patent/copyright every working day, it said.

As a result of constant thrust on developing new products and technologies, BHEL has recorded 27 per cent growth in its intellectual capital in FY'10, the statement added.

"With R&D spend at 2.4 per cent of its turnover, BHEL is the highest spender on R&D in India for its kind of industry," it claimed.

Commercialisation of products and systems developed by in-house R&D contributed around 20 per cent to the company's total turnover of Rs 34,050 crore in FY'10.

Significant developments during the year include a new design variant of condenser for 660 MW steam turbines having supercritical parameters and high temperature superconducting power transformer, among others.