BHEL Plunges 10% as India Considers Easing Curbs on Chinese Firms for Govt Contracts

• BHEL shares hit a 10% lower circuit after reports India may scrap restrictions on Chinese firms bidding for government contracts.
• The Finance Ministry reportedly plans to ease five-year-old curbs, imposed in 2020 due to border clashes, to revive commercial ties.
• Restrictions previously disqualified China's CRRC from a $216 million train contract and affected $700-750 billion in government contracts.
• Other capital goods stocks like Siemens, Hitachi Energy, ABB India, and L&T also saw declines following the news.
• Easing curbs aims to address project delays, shortages, and boost India's thermal power capacity, with a high-level committee recommending the change.

Why It Matters: BHEL stock plummeted as India considers lifting restrictions on Chinese firms for government contracts, impacting markets.