Bharat Heavy Electricals net up 6.29 percent

April 2nd, 2009 - 3:34 pm ICT by IANS  

Mumbai, April 2 (IANS) State-run engineering and manufacturing major Bharat Heavy Electricals Ltd (BHEL) Thursday reported 6.29 percent growth in net profit for 2008-09.
The company said in a statement that its net profit rose to Rs.3,039 crore ($607.8 million) last year from Rs.2,859 crore the year before.

The total sales of the company during the year stood at Rs.27,505 crore, up 28.52 percent from Rs.21,401 crore in 2007-08.

BHEL, however, saw a lower order value at Rs.50,270 crore last fiscal, down 18.73 percent from orders worth Rs.59,687 crore it secured in 2007-08.

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