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BHEL Ltd. : Equity Research Report by Sanjeedeep Mishra

 BHEL reported its highest quarterly order inflow of INR 145bn in Q1FY24 and is L1 in ~INR 80bn worth of orders. India will therefore need to enhance its arsenal of thermal power plants to ensure smooth energy transition. As a result, BHEL is expected to remain a key beneficiary. 

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