Govt’s plan to divest 10% in BHEL
Government is considering disinvesting 10 per cent of its equity stake in navratna public sector BHEL. Minister of Heavy industries and Public enterprises Vilasrao Deshmukh said that point of disinvestment is under consideration of the government.
BHEL is a power equipment company with a market capitelisation of Rs 28000 cr. Its stock is trading at Rs 2,060 on BSE.
The government at present holds a 68 per cent equity stake in power equipment maker BHEL, which would come down to 58 per cent if it divests 10 per cent equity.
Vilasrao Deshmukh while announcing the 100-day agenda for its department said that BHEL would enter into an agreement with Indian Railways for supply of stainless steel EMU coaches on a long term basis. BHEL would synchronise eight thermal and hydro sets to generate 1,200 MW capacity in the next 100 days, he said.
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