Cash flow at state-owned Bharat Heavy Electricals Ltd (Bhel) is slowing because private power project developers are delaying payments for dispatched material, which could potentially impact profits at India’s largest power generation equipment manufacturer.
“Our outstandings from the power sector and industry are going up,” a company executive said on condition of anonymity. “Some private sector developers are not paying on time.”
The payments that are due (from various debtors) rose 38.29% to Rs.30,569.29 crore at the end of the September quarter from Rs.22,103.93 crore in the year earlier.
more at:
http://www.livemint.com/2011/11/28201425/Bhel8217s-cash-flowdecline.html?atype=tp
Monday, November 28, 2011
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