state the problems faced by Bharat heavy electricals limited (BHEL)?
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Revenues at Bharat Heavy Electricals Limited (BHEL) could slip to less than R40,000 crore in FY14 from R48,400 crore in FY13 with net profits estimated to fall to less than R3,800 crore from R6,500 crore. Order inflows have been sluggishtill
December, 2013, the PSU had hit just R11,500 crore or about a fifth of the target for the year. This comes on the back of a 35% fall in the order-book over the last two yearsstanding now at a little over R1 lakh crore. BHEL has also piled up huge receivables as power projects are slowing down or not taking off. Chairman and managing director B Prasada Rao tells Subhash Narayan that BHEL might continue to have a poor run for a couple of years.
BHEL is seeing poor order inflows as generation projects are not just getting delayed but also shelved as promoters no longer want to set them up...
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