BHEL, the Indian government’s heavy-engineering jewel, is in trouble

n 2012, as India was battling an economic slowdown, its government-owned power-equipment maker, Bharat Heavy Electricals Ltd (BHEL), was busy raking in a lot of money. That year, it mopped up over Rs47,000 crore in revenue and around Rs7,000 crore in profits. It even paid a dividend of Rs3.6 per share that year, making it one of the country’s top 20 dividend payers. But on Aug. 09, 2017, BHEL was rapped by India’s central auditor, the comptroller and auditor general (CAG), for its dismal performance in the last five years (pdf). Since 2012, revenues have fallen by over 40% and profits have plunged by 93%. more at: https://qz.com/1049737/bhel-the-indian-governments-heavy-engineering-jewel-is-in-trouble/