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Why BHEL’s Turnaround Is Unlikely Anytime Soon
BHEL has wiped off nearly 90% of investor wealth since its last peak in 2010 and its share price has plunged to a 16-year low.
13 Feb 2020, 02:39 PM IST
Bharat Heavy Electricals Ltd., the power equipment maker that once was a coveted Maharatna and featured among the Nifty 50 firms, is unlikely see a turnaround in fortunes anytime soon.Stress in the power sector, higher fixed costs, delays in big-ticket tenders and a failure to ramp up execution will weigh on BHEL, according to analysts.The state-owned company struggled as its order flow tumbled in the last decade. That’s because Indi...
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