The government has decided to put on hold plans to sell a stake in state-run Bharat Heavy Electricals Ltd, Finance Director T.K. Bajpai said on Tuesday. BHEL on Tuesday reported its provisional Q4 profit at Rs 3208 crore. The company's FY12 profit was reported at Rs 6868 crore. FY12 order inflow stood at Rs 22,096 crore versus Rs 60,507 crore, down 63.4% YoY. On the other hand, FY12 PAT was reported at Rs 6868 crore versus Rs 6011 crore, up 14.2% YoY
The company earlier said it has withdrawn initial papers filed with the capital market regulator for the share sale.
At 12:33 PM, shares in BHEL were trading at Rs 264.30, up 1.54% on the BSE. The stock has gained more than 11 per cent value so far in 2012, compared with a 14-per cent gain in Sensex during the same period.
The company earlier said it has withdrawn initial papers filed with the capital market regulator for the share sale.
At 12:33 PM, shares in BHEL were trading at Rs 264.30, up 1.54% on the BSE. The stock has gained more than 11 per cent value so far in 2012, compared with a 14-per cent gain in Sensex during the same period.
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