BHEL reports rise in profits, stake sale on hold

At 1 PM, shares in BHEL were trading at Rs 226.70 on the BSE. The government of India has put on hold its plans to sell an equity stake in the company.
BHEL has seen orders dip over the last few quarters, as the slowdown in the investment cycle weighs on the company's performance. The order book has dwindled from Rs 60,507 crores to 22,096 crores for FY 12.
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