BHEL reports rise in profits, stake sale on hold

Public sector undertaking BHEL Ltd, on Tuesday reported its provisional Q4 profit at Rs 3208 crore. The company's FY12 profit was reported at Rs 6868 crore, against Rs 6011 crore reported in the corresponding period of last year.

At 1 PM, shares in BHEL were trading at Rs 226.70 on the BSE. The government of India has put on hold its plans to sell an equity stake in the company.

BHEL has seen orders dip over the last few quarters, as the slowdown in the investment cycle weighs on the company's performance. The order book has dwindled from Rs 60,507 crores to 22,096 crores for FY 12.

GoodReturns.in