Further, BHEL announced a capital expenditure of ₹500 crore for an additional manufacturing unit at Haridwar. It is also increasingly diversifying towards transmission, rail transportation, coal, gasification, defence, industrial products sectors, to reduce dependence on thermal power. But its FY27 price-to-earnings multiple of 42, as per Bloomberg, does not lend comfort amid shrinking order inflows. The management said overall, 2,260MW capacity was added during H1FY27, against a target of 4,790 MW in FY27. An improvement in capacity addition in H2FY27 would be key.
