New orders should boost BHEL's prospects; analysts have mixed views

Titagarh is a major beneficiary of an expanding Railways Budget. It's presence in metro rail, train sets, and propulsion systems offer broad growth opportunities

There’s been a surge in orders for capital goods companies in the January to March quarter of the 2022-23 financial year (Q4FY23), with order flow (excluding L&T) hitting Rs 56,000 crore -- which is an 8-year high. With the exception of defence contracts, order flow was at Rs 16,000 crore, which is still a multi-year high while defence contracts of around Rs 40,000 crore, rose by over 12 times year-on-year (YoY).

One of the sectors which saw large orders was the Railways with tenders for 200 Vande Bharat trains. A consortium of Bharat Heavy Electricals (BHEL) and Titagarh