BHEL 2011/12 provisional net profit up 14 pct

BHEL 2011/12 provisional net profit up 14 pct

Last Updated: Tue, Apr 03, 2012 09:54 hrs

NEW DELHI (Reuters) - State-run Bharat Heavy Electricals Ltd said on Tuesday its provisional net profit rose 14.3 percent to 68.7 billion rupees for the just concluded 2011/12 fiscal year.

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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