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BHEL shines on order inflows, but execution needs to catch up too
Mint Mumbai
|September 21, 2023
Bharat Heavy Electricals Ltd (BHEL) stock is having its moment in the sun. The capital goods company’s shares have risen by a whopping 56% so far in 2023, aided by robust order inflows. In comparison, the Nifty 500 index has gained only 13%
Rising power demand in India has strengthened the case for capacity addition in thermal power.
As rains thinned in August, peak power demand rose as much as 22% from a year earlier to around 240 GW. Recent reports quoted Union power minister R.K. Singh as saying that India may add 25-30 GW thermal capacity.
This is in addition to the 50 GW capacity being built to meet rising demand.
In this backdrop, BHEL could see the strong momentum of its order inflows continue, boosting its capacity utilization.
This story is from the September 21, 2023 edition of Mint Mumbai.
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