A hydraulic control valve for heavy equipment is provided, which includes a valve body having a supply passage supplied with a hydraulic fluid from a hydraulic pump, ports for supplying the hydraulic fluid to an actuator or receiving the hydraulic fluid from the actuator, tank passages for returning the hydraulic fluid from the actuator to a hydraulic tank, and a first regeneration passage for supplying a part of the returned hydraulic fluid to the supply passage; a spool slidably installed in the valve body in accordance with supply of a pilot signal pressure from an exterior, and controlling flow of the hydraulic fluid supplied to the actuator from the supply passage during shifting; and a regeneration valve installed between the first regeneration passage and the tank passage, and including a piston moved by the hydraulic fluid from the hydraulic pump, a regeneration spool shifted by pressure fluctuation of the supply passage to variably adjust a flow rate of the hydraulic fluid discharged from the first regeneration passage to the tank passage via a return passage, a first resilient member for resiliently supporting the regeneration spool in a direction opposite to a shifted direction of the regeneration spool, and a pilot piston for resiliently supporting a set pressure of the first resilient member.