BHEL shares rebounded on Friday, gaining over 4 percent after a significant sell-off the previous day. The recovery was driven by a major order win worth approximately Rs 5,400 crore from Bharat Coal Gasification and Chemicals Limited (BCGCL) for a coal gasification plant in Odisha. This order, for a joint venture between BHEL and Coal India, marks the first commercial deployment of BHEL's proprietary gasification technology. The rebound also reflects a broader market reassessment following concerns that India might ease restrictions on Chinese firms bidding for government contracts, which had previously impacted capital goods stocks.