Coalgate impact: BHEL close to losing 30% of orderbook

As a repercussion of the Coalgate scandal engineering giant BHEL may be at the receiving end. Some analysts have raised concerns on the orderbook of BHEL and close to 30% of its orderbook is at a risk of cancellation which amounts to around Rs 53,000 crore Analysts have raised concerns on the company’s orderbook as some of the company’s private customers have been named by the CBI. According to trade experts says that a possible cancellation in orderbook will result in BHEL’s FY15 earnings to take a hit of 65%. They also add that it may lead to lower orders in FY13-14. BHEL: orderbook concerns -28-30% of orderbook at risk -Total orders at risk = Rs 53,217 crore ref: http://www.yourmoneysite.com/news/2012/sep/coalgate-impact-bhel-close-to-losing-30-of-orderbook.html