Emkay GlobalNSE -3.15 % has given a buy rating to Bharat Heavy Electricals Ltd (BHEL) with a target price of Rs 37 over 12 months. In an interesting development, BHEL has called for Expression of Interest (EOI) from foreign companies which wish to use its currently idle factories for manufacturing from India. In the brokerage view, this could be a win-win situation for both the foreign company and BHEL.<\/p>\n
The partnership can shorten the time to set up manufacturing facilities for the incoming partner while also helping BHEL utilize its idle factories and employees. With power sector demand still struggling, this is a significant diversification move. India has so far lagged in grabbing a share of the global supply chain shift from China to other emerging markets. One of the key reasons for this underperformance is a lack of readymade land bank, delay in approvals and fear of dealing with Indian bureaucracy. With BHEL offering a readymade solution in the form of factories, staff as well as pre-set vendor base and supply chain, this can open up several possibilities for BHEL in the longer term if handled well.<\/p>\n","protected":false},"excerpt":{"rendered":"
Emkay GlobalNSE -3.15 % has given a buy rating to Bharat Heavy Electricals Ltd (BHEL) with a target price of Rs 37 over 12 months. In an interesting development, BHEL has called for Expression of Interest (EOI) from foreign companies which wish to use its currently idle factories for manufacturing from India. In the brokerage view, this could be a win-win situation for both the foreign company and BHEL. The partnership can shorten the time to set up manufacturing facilities for the incoming partner while also helping BHEL utilize its idle factories and employees. With power sector demand still struggling, […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-349826","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=349826"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349826\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}