India, Aug. 18 -- Every quarter has its share of headline numbers, but once in a while a set of results actually deserves a closer look. This is one of those quarters, where the swing from losses to profit isn't just a one-off improvement but seems tied to real execution on the ground. Add in a record order book and wins across sectors that used to matter far less to the business, and there's a fair bit worth unpacking here.

Order Book Now Stands at Rs2.6 Lakh Crore Bharat Heavy Electricals Limited (BHEL) has an outstanding order book of Rs2,60,255 crore as of Q1 FY27, up 27% from Rs2,04,375 crore a year back. Power still makes up the bulk of it at 81%, industry contributes 17%, and exports are 2%. But what's really catching attention is...