BHEL - Mulitbagger Trgt 250 2 yrs time frame
- Bharat Heavy Electricals Limited is an Indian state-owned integrated power plant equipment manufacturer and operates as an engineering and manufacturing company based in New Delhi, India. Wikipedia
- Strong order-book, ongoing capacity expansion will help BHEL to come back in Growth path.
- BHEL’s advantage is its being a local company, capable of providing repair and maintenance services, and a ready supply of spares. Further, as the quality of equipment from Chinese players is yet to be tested over a longer period (super critical plants are a relatively new phenomenon in India), some local utilities may prefer a known player such as BHEL.
- BHEL JV with TANGEDCO will start giving rich riivident doing forward. This will also help BHEL qualify in super critical segment and increase its sales to third party.
- The company has forayed successfully into the advanced class gas turbine segment, winning its firm commercial order from Reliance Industries. It has since, in quick succession, won two more such orders in Gujarat.
- BHEL also has capability to produce equipment and sub-assemblies for onshore drilling rigs. It recently won a three-year contract from ONGC
One can Buy with Trgt 250 2 yrs time frame.
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