BHEL

🏭 BHEL Ltd — Overview What is BHEL? Bharat Heavy Electricals Ltd (BHEL) is India’s largest power equipment manufacturer and a key PSU in power generation, transmission, railways, defence, and heavy engineering. Core Businesses Thermal, hydro & nuclear power equipment Boilers, turbines, generators Railways (locomotives, traction systems) Defence & aerospace manufacturing Industrial systems & EPC projects Strengths Strategic PSU with government backing Strong order book revival Make-in-India beneficiary Monopoly-like position in large thermal equipment Risks Low margins historically Project delays & working capital stress Highly cyclical business Simple View: BHEL is a turnaround + capex cycle play, not a steady compounder.