The government for now is not planning to divest its stake in BHEL, owing to the present volatile market conditions and overall mood about the power sector. The government, which holds 67.72% in the PSU firm, had approved disinvestment of five per cent shareholding.
The government, earlier in July 2011 had appointed Morgan Stanley, DSP Merrill Lynch (Bank of America), ICICI Securities and Kotak Mahindra Capital, as merchant bankers for the company’s follow-on public offer.
However, in April this year, the company had withdrawn the Draft Red Herring Prospectus (DRHP) for the follow-on offer filed with the Securities and Exchange Board of India (SEBI), following an instruction by the Finance Ministry.
The government raised only Rs 14,000 crore through the PSU stake-sale as against the disinvestment target of Rs 40,000 crore in 2011-12. In 2012-13, the government plans to sell equity in PSUs like SAIL, Neyveli Lignite, NMDC and Nalco to mop up Rs 30,000 crore.
| Company Name | CMP |
|---|---|
| BHEL | 316.70 |
| Thermax | 4141.20 |
| Kirloskar Oil Eng | 1616.95 |
| Skipper | 433.50 |
| GMM Pfaudler | 931.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: