BHEL annual profit slides to Rs 3,228 crore

Bharat Heavy Electricals Ltd's net profit more than halved to Rs 3,228 crore in the previous financial year on account of low volumes and challenges in the domestic power sector. The power equipment major had posted a net profit of Rs 6,615 crore in 2012-13, BHEL said on Saturday. The state-owned major's turnover declined to Rs 40,366 crore from Rs 50,156 crore in 2012-13, as per a regulatory filing on its provisional earnings for the year ended March 31, 2014. ref: http://timesofindia.indiatimes.com/business/india-business/BHEL-annual-profit-slides-to-Rs-3228-crore/articleshow/33294086.cms