Capital goods industry is the backbone of the manufacturing sector in any country and many government and private organizations and individuals also use capital goods in the production of other commodities and goods. Capital good include equipment, tools, machinery, factories and different buildings that are engaged in the production of various products for public consumption.

Capital goods are essential economic factors since they are key to develop a positive return from manufacturing other commodities and products. The list of top companies in the capital goods industry in India is given below:

Top seven Capital Goods Companies in India:

• Bharat Heavy Electronics Limited

• Larsen & Toubro

• Suzlon Energy

• BEML

• Bharat Electronics Limited

• Crompton Greaves

• Lakshmi Machine Works Limited

Some of the details regarding these top companies in the capital goods industry in India are given below:

Bharat Heavy Electronics Limited:

BHEL is the largest engineering and manufacturing enterprise in India. It is a state-owned capital goods company and has the biggest share in the electricity production equipment industry in the country. They are also improving their international operations and has earned a very good revenue recently. They are operating in three different business sectors being renewable energy, transportation and transmission.

Larsen & Toubro:

Larsen & Toubro, shortly called as L&T is one of the best companies in India that is engaged in different sectors like capital good equipment, real estate, construction, technology, etc… Since the company has grown as a biggest company, it is planning to spin off the divisions into individual listed companies. In the capital goods industry, they are engaged in the manufacture of different equipment that can be used for the production of other goods.

Suzlon Energy:

Suzlon Energy is a wind turbine making company in India and they are one among the top five turbine making companies in India. Wind turbine is a device that has the ability to convert kinetic energy from the wind into mechanical energy and the wind turbine made by Suzlon Energy is used as capital good for companies in different sectors for manufacture of drive machinery.

BEML:

BEML is the short-form of Bharat Earth Movers Limited and this company was established by the Government of India for manufacture of rail coaches & spare parts and mining equipment. Since the rail coaches manufactured by them are used by the Indian Railways for offering service to the public, the company has become one among the top capital goods companies in India.

Bharat Electronics Limited:

Bharat Electronics Limited is also a public sector company established by the Government of India to meet the electronic needs of the Indian Defence Services. They have earned a place among the top capital goods companies in India since they are engaged in the production of various other products like set top boxes, traffic signal lights based on solar power and electronics voting machines.

Crompton Greaves:

Crompton Greaves is one among the top private companies in India engaged in the production of consumer, industrial and electrical products. They are manufacturing a wide range of capital goods ranging from industrial equipment and solutions to high-end power products. They are operating in three main sectors namely consumer products, industrial systems and power systems.

Lakshmi Machine Works Limited:

Lakshmi Machine Works Limited is a top company engaged in the production of textile machinery. They are also engaged in production of varied range of textiles and their departments include machine tool division and textile machinery division. Their textile machinery and machine tools are being used by a number of companies for production of high quality textiles.

Since the capital goods companies help other companies for production of varied products, they contribute highly towards the development of the economy.