BHEL pins hope on bullet train to get back on track

According to its annual report, the company got only orders worth Rs 23,489 crore in 2016-17

For Bharat Heavy Electricals Ltd (BHEL), the joint venture with Japan’s Kawasaki Heavy Industries (KHI) may well turn out to be a relief considering the recent drop in order inflows for the company.

According to its annual report, BHEL got orders worth only Rs 23,489 crore in 2016-17,  a 46 per cent drop from Rs 43,727 crore in 2015-16. The company’s order book outstanding at the end of the last financial year stood at Rs 1,05,200 crore, down from Rs 1,10,730 crore in the year-ago period. Even new orders for the first quarter of the current financial year dropped 41 per