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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However, in April this year, the company had withdrawn the Draft Red Herring Prospectus (DRHP) for the follow-on offer filed with the Securities and Exchange Board of India (SEBI), following an instruction by the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.

BHEL Share Price

316.70 7.65 (2.48%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 316.70
Thermax 4141.20
Kirloskar Oil Eng 1616.95
Skipper 433.50
GMM Pfaudler 931.05
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