BHARAT HEAVY ELECTRICALS: HIGH VOLTAGE STOCK (its net profit is to be Rs995-1,000 crore and the earning per share is expected to be Rs40 in 2004-2005).

(From India Business Insight)

Bharat Heavy Electricals Ltd (BHEL) is consistently earning profits since 1971-1972 and paying dividends since 1976-1977. It is now the largest engineering and manufacturing player in the energy-related infrastructure sector in India.

In 2003-2004, BHEL has increased its sales by 14 percent to Rs8,771 crore and the net profit by 48 percent to Rs658 crore. It includes provisioning for non-recurring expense of Rs151 crore on voluntary retirement scheme. During Apr-Jun 2004, the company recorded a 13 percent rise in its sales to Rs1,170 crore. Its net profit surged to Rs23.50 crore after writing off …