BHEL net profit plunges 62 per cent under NDA rule

by confuzzled dude Mon Apr 06, 2015 8:44 am

http://www.deccanchronicle.com/150406/business-latest/article/bhel-net-profit-plunges-62-cent-rs-1314-crore-fy15

by Hellsangel Mon Apr 06, 2015 8:48 am

Is this the newspaper whose owners were recently arrested for financial irregularities?

by confuzzled dude Tue Apr 21, 2015 8:34 pm

Over the last one year, the NDA government is reported to have cleared stuck infrastructure projects worth Rs 6 lakh crore across 10 sectors. This data though, when juxtaposed with the continuing struggle of core sector companies and capital goods firms, conveys a somewhat divergent story.

State-run equipment maker Bharat Heavy Electricals Ltd, for instance, reported its worst results in at least five years, with a sharp 24 per cent drop in turnover in its provisional numbers for 2014-15. The company’s receivables from clients during the first three quarters of the year mounted to about Rs 19,924 crore, a pointer to the distressed cash flow situation that is likely to have worsened on account of the power, steel and cement companies stretching their finances to the limit in the recent coal block auctions. Although BHEL’s order inflows went up 10 per cent last fiscal, much of this was attributed to orders coming in on account of the creation of Telangana state, even as private sector orders dried up almost completely.

L&T, the country’s largest engineering and construction firm, is struggling too, with the company having cut its order book position twice this year already.

In line with the distressed state of core sector firms, Tata Steel India has seen a significant fall in its operating earnings due to weak steel prices and demand conditions, with margins expected to face a squeeze amid a fall in steel prices, according to a senior Tata Steel executive.

All of this contrasts with the status report issued by the projects monitoring group (PMG), an inter-ministerial panel of the Union government, which claims to have cleared 178-odd projects that have been stuck for at least two years for want of clearances from central agencies and state governments and in particular, lack of environmental clearances.

http://indianexpress.com/article/business/business-others/govt-clears-projects-but-where-are-the-orders/

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BHEL net profit plunges 62 per cent under NDA rule

BHEL net profit plunges 62 per cent under NDA rule

Re: BHEL net profit plunges 62 per cent under NDA rule

Re: BHEL net profit plunges 62 per cent under NDA rule

Re: BHEL net profit plunges 62 per cent under NDA rule