<div>Bharat Heavy Electricals Ltd's net profit more than halved to Rs 3,228 crore in the previous financial year as the company grappled with tough business conditions.<br /><br /><div>The state-owned company had posted a net profit of Rs 6,615 crore in 2012-13, BHEL said on Saturday.</div><div> </div><div>The power equipment maker's turnover declined to Rs 40,366 crore from Rs 50,156 crore in 2012-13, BHEL said in a BSE filing on its provisional earnings for the year ended March 31, 2014.<br /><br /></div><div>Order inflows fell to Rs 28,007 crore in the year ended March 2014 from Rs 31,650 crore in 2012-13.</div><div> </div><div>Last month, Life Insurance Corp had purchased a more than 4 per cent stake in BHEL from the government after a decision taken by an Empowered Group of Ministers.</div></div>
<div>Bharat Heavy Electricals Ltd's net profit more than halved to Rs 3,228 crore in the previous financial year as the company grappled with tough business conditions.<br /><br /><div>The state-owned company had posted a net profit of Rs 6,615 crore in 2012-13, BHEL said on Saturday.</div><div> </div><div>The power equipment maker's turnover declined to Rs 40,366 crore from Rs 50,156 crore in 2012-13, BHEL said in a BSE filing on its provisional earnings for the year ended March 31, 2014.<br /><br /></div><div>Order inflows fell to Rs 28,007 crore in the year ended March 2014 from Rs 31,650 crore in 2012-13.</div><div> </div><div>Last month, Life Insurance Corp had purchased a more than 4 per cent stake in BHEL from the government after a decision taken by an Empowered Group of Ministers.</div></div>