Bharat Heavy Electricals Limited (BHEL) saw a 50 per cent drop in its net profit at Rs.3,228 crore (provisional) in 2013-14, while its turnover went down to Rs.40,366 crore from Rs.50,156 crore due to “difficult business environment”.
BHEL secured orders worth Rs.28,007 crore from its diversified business segments covering domestic and international markets. Orders in industrial segment at Rs.5,007 crore witnessed a 23 per cent jump; spares and services at Rs.3,433 crore (up 19 per cent) and international segment at Rs.2,567 crore recorded a jump of 28 per cent in 2013-14.
The company ended the year with an order book of Rs.1.01-lakh crore. The power equipment-maker retained its market leadership position during last fiscal and its improved focus on project execution enabled it to record highest-ever commissioning/synchronisation of 13,452 MW of power plants in the domestic and international markets.
Certain ongoing projects have got impacted as the power sector continues to be besieged with issues relating to fund constraints, land acquisition, clearances and coal linkages, a company official said.