Q4: BHEL net profit falls over 25%

23 May 2024 CW Team

The consolidated net profit of state-owned Bharat Heavy Electrical Ltd. (BHEL) decreased by more than 25% to Rs 4.89 billion during the March quarter, mostly as a result of increased costs. Its combined net profit for the quarter that ended on March 31, 2023, was Rs 6.58 billion. The company's total costs increased from Rs 74.11 billion during the same time last year to Rs 77.94 billion during the quarter.The total income for the quarter increased slightly from Rs 83.38 billion to Rs 84.16 billion from the same time last year.

According to the statement by the entity, the board has proposed a final dividend on the paid-up share capital of the firm for the fiscal year 2023-2024 at a rate of 12.5%, or 25 paise per share with a face value of Rs 2.

Additionally, its consolidated net profit decreased to Rs 2.82 billion in the fiscal year 2023?24 from Rs 6.54 billion in the previous year. In 2022-2023, the total income grew slightly to Rs 244 billion from Rs 238 billion.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..