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BHEL down about 8 percent after April-June earnings
August 13, 2014 / 4:58 AM / 3 years ago

BHEL down about 8 percent after April-June earnings

Reuters Market Eye - Bharat Heavy Electricals Ltd (BHEL.NS) falls about 8 percent after April-June earnings lag estimates.

An employee works inside the power cable testing laboratory for insulation at the Kei Industries in Rajasthan August 6, 2012. REUTERS/B Mathur/Files

Citi warned earnings imply BHEL’s backlog may have dipped below 1 trillion rupees (16.33 billion U.S. dollar) for the first time since April-June 2009.

    Citi said BHEL might miss company’s own sales and inflow targets in FY15.

    (1 US dollar = 61.2500 rupee)

    Reporting by Abhishek Vishnoi

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