BHEL's FY13 order inflow to be 15,000 MW, says CMD

After taking into account a tight macro-economic environment, Bharat Heavy Electrical Ltd (BHEL) has given conservative order inflow guidance at 14,000-15,000 megawatt (MW) for financial year 2012-13. The state run company had missed its FY12 order guidance by 64% to Rs 22,096, registering the biggest drop in ten years. The company's, chairman and managing director B Prasada Rao, however says that he expects the NTPC's 800 MW order within a month. Rao is confident of being able to face competition from China and has been able to offer competitive prices competition from Chinese manufacturers. However, going ahead, key concerns like slowing order inflow, heightened competition, and margin erosion due to inflationary pressure remain for the company. Meanwhile, earlier this week, the company has reported 21%, year-on-year rise in the March quarter net profit to Rs 3,380 crore Net sales increased 7.5% to Rs 19,259 crore, YoY mainly due to increased capacities. EBITDA margin improved at 25.2% for the quarter as against 23.4% in a year ago period. Other income too went up to Rs 399 crore from Rs 368 crore YoY. more at: http://www.moneycontrol.com/news/results-boardroom/bhel39s-fy13-order-inflow-to-be-15000-mw-says-cmd_709000.html