The town was built in the early 60s, around the Ranipur plant of Bharat Heavy Electricals Limited (BHEL) part of Nehruvian dream of "temples of modern India".

[3] Today BHEL, is one of India's seven largest Public Sector Undertakings or PSUs, known as the Maharatnas or 'the seven jewels'.

As the town developed, schools eventually over 17 and basic infrastructure, including roads, hospitals and community recreational centres was put into place.

Soon ancillaries came around the township in surrounding area, led to economic development of the Jwalapur, and the main Haridwar town itself, which till then survived mostly on tourism.

With Haridwar becoming a district headquarters in 1998, saw new offices were set up near the township in areas surrounding Roshanabad, especially after the formation of Uttarakhand state in 2000 As of 2001[update] India census,[6] Bharat Heavy Electricals Limited Ranipur had a population of 43,252.