Apr-Dec order flows at BHEL hit just a fifth of FY14 target

Bharat Heavy Electricals (BHEL) continues to be bogged down by the dismal flow of new orders and the resultant drop in the orders at hand, a preview of its yet-to-be-released December quarter figures by FE show. The company is facing the grim prospect of not meeting even its internally downwardly revised turnover target of Rs 43,000 crore for 2013-14. Persisting with the trend since 2011-12, the capital goods manufacturer booked fresh orders worth just R7,197 crore in October-December 2013, or 47% of the quarter's R13,696-crore target. This means that including R4,470 crore of orders received in the first half, BHEL could manage to get fresh orders of just R11,667 crore in April-December. That was just 21% of the target of Rs 54,714 crore for all of 2013-14. BHEL’s new orders stood at Rs 60,507 crore in 2010-11. more at: http://www.financialexpress.com/news/aprdec-order-flows-at-bhel-hit-just-a-fifth-of-fy14-target/1219503