Key Points
In Q1, BHELs order inflows jumped to 15,600 crore to 15,600 crore..
This gave a fillip to the order book, which stood at 1.01 trillion as on 30 June..
State-run Bharat Heavy Electricals Ltd (BHEL) results for three months ended June (Q1FY24) are far from inspiring..
Note that last quarters order inflows included a large Vande Bharat order for 80 train sets worth 9,600 crore which the company won in consortium with Titagarh Wagons Ltd. ..
In recent months, the narrative towards thermal energy has strengthened given the rising power demand and challenging Renewable Energy 2030 targets and the need for thermal power to balance evening power demand (given solar availability is only during the day)," said Subhadip Mitra, exe-cutive director, Nuvama Institutional Equities..
