Coalgate muddles BHEL’s order book position: Nomura

12 Sep 2012

1

State-run electrical equipment maker Bharat Heavy Electricals Ltd (BHEL) could take a big hit from the coal block allocation scam, although the company has little involvement in the whole affairs.

BHEL may face cancellation of 28 per cent of its total order book, financial services group Nomura said in a research paper.

BHEL had reported outstanding orders worth about Rs1,32,900 crore at the end of first quarter 2012-13.

According to Nomura, orders worth Rs53,218 crore run the risk of cancellation, while orders worth Rs31,263 crore have already been classified as 'slow'.

''The next 2-3 years could witness a significant clean-up of the system as several orders placed with BHEL, by its customers, could be restructured, cancelled or deferred,'' a Nomura Equity Research report said

Nomura cited the reasons as either non-availability of coal linkage or cancellation of existing coalmine or linkage as a fallout of the allocation scam.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers