BHEL 2011/12 provisional net profit up 14 pct
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NEW DELHI (Reuters) - State-run Bharat Heavy Electricals Ltd
India's top power equipment maker said provisional turnover was 493.01 billion rupees in the last fiscal year that ended on March 31, up 13.8 percent from 2010/11.
BHEL order inflows during 2011/12 were 220.96 billion rupees, 63.5 percent lower than the inflows in the previous fiscal year, the company said in a statement.
Shares in the firm, valued by the market at $12.5 billion, were trading 1.8 percent higher in a firm Mumbai market at 12:41 p.m. (0711 GMT).
The stock has gained more than 11 percent value so far in 2012, compared with a 14-percent gain in the main stock index during the same period.
(Reporting by Sanjeev Choudhary; writing by Ketan Bondre; editing by Malini Menon)
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