Bharat Heavy Electricals announced Q1FY23 Result : Strong aggregate demand from both private and government have boosted economic growth – grew by 8.7% (GDP) in FY22 Industrial activity (IIP index) has attained pre-pandemic levels and grew by 11.4% during FY22 Core sectors of the economy displayed robust growth in Q1FY23 High inflation in industrial input material and market non-readiness to accept higher price – weakening profitability PLI schemes in identified sectors expected to provide the much needed push to capex in the economy Core sectors of economy like cement, steel, refinery etc are expected to firm up their capacity expansion plans Indian Railways going for big-ticket procurement – requirement of semi-high speed trainsets, high HP locomotives for freight Close to double digit fiscal deficits (centre+state), growing CAD and high levels of public debt in high interest rate environment may limit fiscal space. Result PDF