Bharat Heavy Electricals (BHEL) has reported over 62% drop in its net profit (Provisional) in FY15. The fall in profit is due to low volumes as a result of the retarding force of the last three years’ market shrinkage due to issues relating to coal linkages, fund constraints, land acquisition, clearances, etc.
BHEL is the largest engineering and manufacturing organization of its kind in the country. It is also among the world's few integrated power plant equipment manufacturers with the capability to manufacture the entire range / type of power equipment and also to undertake projects on EPC basis.
