BHEL 2011-12 provisional net profit up 14%

State-run Bharat Heavy Electricals Ltd said on Tuesday its provisional net profit rose 14.3% to Rs 6,870 crore for the just concluded 2011-12 fiscal year.

India's top power equipment maker said provisional turnover was Rs 49,301 crore in the last fiscal year that ended on March 31, up 13.8% from 2010-11. BHEL order inflows during 2011-12 were Rs 22,096 crore, 63.5% lower than the inflows in the previous fiscal year, the company said in a statement. Shares in the firm, valued by the market at USD 12.5 billion, were trading 1.8% higher in a firm Mumbai market at 12:41 p.m. (0711 GMT). The stock has gained more than 11% value so far in 2012, compared with a 14% gain in the main stock index during the same period.