PSU NEWS
BHEL posts profit for second straight quarter at Rs 109 crore
New Delhi: Bhel today reported a net profit of Rs 109 crore for the second quarter ended September 30, helped by strategic initiatives taken by the new management. The company had reported a net loss of Rs 180.78 crore for the July-September quarter last fiscal.
The company had reported a net loss of Rs 180.78 crore for the July-September quarter last fiscal. Reuters Total income has increased to Rs 6860.53 crore in the second quarter of current fiscal from Rs 6314.56 crore in the corresponding period last year, the company said in BSE filing.
"Strategic initiatives put in place by the new management have begun yielding results and the company is well on its way to get back on the growth trajectory," said Bhel Chairman and MD Atul Sobti.
Sobti said,"Holding on to our strengths and building new ones, we are resolutely focused on achieving the immediate target of regaining growth."
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