Bharat Heavy Electricals Ltd , reported on Saturday a 51 per cent fall in provisional net profit for fiscal year 2013-14.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 Rs. 3,228 crore in last fiscal year 2013-14 from Rs. 6,615 crore reported in the previous fiscal year (FY13), a company statement said.
Provisional net profit at the company fell to Rs. 3,228 crore in last fiscal year 2013-14 from Rs. 6,615 crore reported in the previous fiscal year (FY13), a company statement said.