BHEL logs over 17% rise in new orders in 2022-23
Bharat Heavy Electricals Limited (BHEL) has reported an over 17% YoY growth in new orders to INR23,548 crore in FY 2022-23, compared to INR20,078 crore in the previous fiscal year. BHEL ended the year with an outstanding order book of over INR91,336 crore, with the latest order book exceeding INR1,00,000 crore due to the Vande Bharat trainset order. The company has leveraged its diversification strategy and secured orders across power, industry, and export segments. BHEL's revenue rose by 10% to INR23,365 crore, while construction tonnage surged by 100% in FY 2022-23 as compared to 2019-20.