BHEL provisional profit down by 8 per cent in FY13

New Delhi: Bharat Heavy Electricals Ltd (BHEL), India's state-run top power equipment maker, reported on Monday an 8 per cent fall in provisional net profit for the fiscal year ended on March 31.

India's power sector has been badly hit by shortages of coal and gas supplies, delays in environmental approvals for power and mining projects and drying up of funding - severely denting the demand for equipment.

Provisional net profit at the company fell to Rs 64.85 billion in the last fiscal year from Rs 70.40 billion reported in the fiscal year 2011/12, a company statement said.