Advertisement

HindustanTimes Sat,19 Apr 2014

BHEL 2011/12 provisional net profit up 14%

Reuters  New Delhi, April 03, 2012
First Published: 13:03 IST(3/4/2012) | Last Updated: 13:05 IST(3/4/2012)

State-run Bharat Heavy Electricals Ltd said on Tuesday its provisional net profit rose 14.3% to 68.7 billion rupees ($1.35 billion) fo r the just concluded 2011/12 fiscal year.

Advertisement

The country's top power equipment maker said provisional turnover was 493.01 billion rupees in the last fiscal year that ended on March 31, up 13.8% from 2010/11.

BHEL order inflows during 2011/12 were 220.96 billion rupees, 63.5% lower than the inflows in the previous fiscal year, the company said in a statement.

Shares in the firm, valued by the market at $12.5 billion, were trading 1.8% higher in a firm Mumbai market at 12:41 pm.

The stock has gained more than 11% value so far in 2012, compared with a 14% gain in the main stock index during the same period.

Advertisement
more from Business

700 trainees opt for exit plan at Nokia’s Chennai plant

Finnish handset maker Nokia, struggling to shepherd its Chennai plant into its agreement to be bought by US software giant Microsoft amid tax disputes in India, has got some success with 736 of its trainees accepting the voluntary separation scheme.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved