{"id":373655,"date":"2020-09-15T11:15:54","date_gmt":"2020-09-15T05:45:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373655"},"modified":"2020-09-15T11:43:35","modified_gmt":"2020-09-15T06:13:35","slug":"with-elevated-receivables-it-is-a-weary-road-to-recovery-for-bhel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/with-elevated-receivables-it-is-a-weary-road-to-recovery-for-bhel\/","title":{"rendered":"With elevated receivables, it is a weary road to recovery for BHEL"},"content":{"rendered":"<p>June quarter earnings of Bharat Heavy Engineering Ltd (BHEL) were disappointing. Reacting to it, the stock opened Monday&#8217;s session in the red at \u20b936.65, down more than a percent on the NSE.<\/p>\n<p>The state-run company\u2019s consolidated net loss widened to \u20b9893.14 crore in the June quarter from net loss of \u20b9218.93 crore in the same quarter last year. BHEL\u2019s performance was impacted by weak execution. Also, with total debtors at \u20b936,000 crore, the overhang of pending receivables remains.<\/p>\n<p>In a post earnings conference call, its management said, from the total receivables, around 12% are from the private sector, 48% from state entities, 33% from the Center, and 7% pertain to the international markets. According to analysts, in spite of the company\u2019s ongoing efforts, its receivables position is likely to remain elevated in the near future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>June quarter earnings of Bharat Heavy Engineering Ltd (BHEL) were disappointing. Reacting to it, the stock opened Monday&#8217;s session in the red at \u20b936.65, down more than a percent on the NSE. The state-run company\u2019s consolidated net loss widened to \u20b9893.14 crore in the June quarter from net loss of \u20b9218.93 crore in the same quarter last year. BHEL\u2019s performance was impacted by weak execution. Also, with total debtors at \u20b936,000 crore, the overhang of pending receivables remains. In a post earnings conference call, its management said, from the total receivables, around 12% are from the private sector, 48% from [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-373655","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=373655"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373655\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}