BHEL to exit from JV with Electrical Machines

Bharat Heavy Electricals Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 500103 | NSE: BHEL

14 Jun 2017 Evaluate

Bharat Heavy Electricals (BHEL) is all set to exit from the Joint Venture (JV) with Electrical Machines (EML) at Kasaragod in Kerala. The company has received the Kerala Government’s approval to go ahead with its move.

BHEL-EML was incorporated in 2011, by acquiring the Kasaragod unit of KEL, a State PSU, as a joint venture with Government of Kerala. BHEL had 51% equity in the JV and the Kerala government holding 49%.

Bharat Heavy Electricals is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.

Peers

Company Name	CMP
Bharat Heavy Elect.	434.00
Thermax	3550.45
Kirloskar Industries	3695.90
Skipper	565.95
INDO-MIM	1057.85
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