EE Impact

Bharat Heavy Electricals Limited (BHEL)

India · Energy, Oil & Gas

LeaveRussia detail: Continue Operations

Still operating in Russia

Bharat Heavy Electricals Limited is an Indian central public sector undertaking and the largest government-owned power generation equipment manufacturer. It is under the ownership of Government of India and administrative control of the Ministry of Heavy Industries.

Status last verified 03/08/2026Source checked 07/06/2023Company website ↗LeaveRussia profile ↗

Decision trail

Decision date 12/02/2020 · Reference ↗

BHEL signed MoU with Rosoboronexport, Russia. The aim of the MOU is to cooperate and undertake joint projects and operations for defence systems.

Status history since 2022

  1. 03/08/2026 operating · Imported from KSE LeaveRussia

Exposure profile

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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

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