MUMBAI, April 5 (Reuters) - Bharat Heavy Electricals Ltd
, India's state-run top power equipment maker, reported
on Saturday a 51 percent fall in provisional net profit for the
fiscal year ended March 31.
India's power sector has been badly hit by shortages of coal
and gas supplies, delays in environmental approvals for power
and mining projects and drying up of funding -- severely denting
the demand for equipment.
Provisional net profit at the company fell to 32.28 billion
rupees ($536.26 million) in the last fiscal year 2013/14 from
66.15 billion rupees reported in the fiscal year 2012/13, a
company statement said.
($1 = 60.1950 Indian Rupees)
(Reporting by Neha Dasgupta; Editing by Ron Popeski)