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It was a remarkable year for BHEL in terms of order inflow which grew at 88.2% year on year (yoy) to Rs 35,643 crore. Consequently the request backlog at the end of the year stood at Rs 55,000 crore. BHEL's cash pile stood at a huge Rs 5,808 crore at the end of FY2007 thanks to reduced working capital requirement and displace capital expenditure during the year.
The affiliate has crafted a "Strategic intend 2012" targeting a turnover of $10 billion by 2012 vs $4 billion at show. In my view the government's focus on increasing cater generation in order to cater its mission of providing "power for all by 2012" would be one of the key catalysts for BHEL's order inflows providing clear visibility to the company's earnings.
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http://stock-recommendations.blogspot.com/2007/09/stock-idea-bharat-heavy-electricals.html
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