Advertisement

HindustanTimes Thu,28 Aug 2014

BHEL FY13 provisional profit down 8%

Reuters  New Delhi, April 08, 2013
First Published: 13:07 IST(8/4/2013) | Last Updated: 13:18 IST(8/4/2013)

Bharat Heavy Electricals Ltd, India's state-run top power equipment maker, reported on Monday an 8% fall in provisional net profit for the fiscal year ended March 31.

Advertisement

India's power sector has been badly hit by shortages of coal and gas supplies, delays in environmental approvals for power and mining projects and drying up of funding -- severely denting the demand for equipment.

Provisional net profit at the company fell to 64.85 billion rupees ($1.18 billion) in the last fiscal year from 70.40 billion rupees reported in the fiscal year 2011/12, a company statement said.

($1 = 54.8350 Indian rupees)


Advertisement
more from Business

Rupee recovers 7 paise against dollar in early trade

The rupee recovered by 7 paise to trade at 60.38 against the US dollar in early trade on selling of the American currency by banks and exporters amid sustained foreign capital inflows on Thursday.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved