The unit of Bhartiya Mazdoor Sangh of BHEL, on Thursday, protested against the disinvestment and launched the campaign. FEATURED FUNDS ★★★★★ SBI Small Cap … List your Business on Economic Times for Free and reach out to millions of users. BHEL is India’s largest power generation equipment manufacturer. FEATURED FUNDS ★★★★★ SBI Small Cap Fund Direct … Govt. DOWNLOAD News18 APP. IAS / Civil Services (PCS): FREE study material. Timing for the BHEL follow-on public offer will depend on the market conditions and the FPO may even be deferred till there is a volatility in the stock exchanges. Nifty 13,258.55 124.65. BHEL Disinvestment News and Updates from The Economictimes.com. 2,041. In 2018-19 financial year, disinvestment had been done in major CPSEs including Oil and Natural Gas Corporation, Coal India Ltd, Bharat Heavy Electricals Ltd. (BHEL) etc. “BHEL has been a profit making venture. Instagram Telegram Google News. It could just be the time to nibble at select names from this basket. Shares of Bharat Heavy Electricals Ltd (BHEL) fell nearly 3% in opening trade on the bourses today after news reports surfaced that the Union Cabinet is likely to approve the disinvestment of a 5% stake in the state-run power equipment major next NSE Gainer-Large Cap . Benchmarks . In the Union Budget for financial year 2018-19, the government had set a disinvestment target of Rs 80,000 crore. Cabinet clears disinvestment in Neelachal Ispat, BHEL MMTC, a trading firm under the Union ministry of commerce and industry, is the largest stakeholder in … FEATURED FUNDS ★★★ ★★ ICICI Prudential Bluechip Fund Direct-Growth. FEATURED FUNDS … News; Business; Companies; BHEL disinvestment likely in April; may fetch Rs 3,200 cr. The Minister ruled out the disinvestment of Bharat Heavy Electricals Limited (BHEL). Cabinet clears strategic disinvestment proposal for BHEL, Neelachal Ispat, MMTC, NMDC The Cabinet also approved ratification of migration and … Find Bhel Disinvestment Latest News, Videos & Pictures on Bhel Disinvestment and see latest updates, news, information from NDTV.COM. The government announced that it will sell off 49.78 percent equity shareholding in MMTC, 10.1 percent in NMDC and 0.68 percent each in MECON and BHEL to a strategic buyer after a two-stage auction procedure. Bharat Heavy Electricals (BHEL) share surged 25 percent in the early trade on October 18 on the report of government likely to cut its stake in the company. Shares of Bharat Heavy Electricals Ltd (BHEL) fell nearly 3 per cent in opening trade on the bourses on Tuesday after news reports surfaced that the Union Cabinet is likely to approve the disinvestment of a 5 per cent stake in the state-run power equipment major next week. 6.88 % Invest Now. "Bhel disinvestment will happen this fiscal through block deal to LIC," Mathur added. CHANGE LANGUAGE. The move was expected to bring in new management, technology and investment, which will enable the growth of the company. InterGlobe 1,744.80 100.75. 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At 09:29 hrs the share was quoting at Rs 2,004.30, down Rs 41.40, or 2.02%. BHOPAL: Employee unions of BHEL, Bhopal have intensified their protest against proposed disinvestment plan. The central government on February 4, 2020 stated that it has not taken any decision for strategic disinvestment and privatization of BHEL. Take Weekly Tests on app for exam prep and compete with others. TCS and Infosys emerged top contributors to Sensex gains. The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL in April, in a bid to meet the Rs 41,000 crore stake sale target for 2015-16. It is currently owned and founded by the Indian government. New Delhi: NMDC Chairman and Managing Director N Brijendra Kumar on Friday said that the Union Cabinet has approved disinvestment of stake of six public sector units (PSUs) in Neelachal Ispat Nigam Ltd, and not that of NMDC. While strategic disinvestment had taken place at HSCC (India) Ltd, Dredging … 5Y Return. The government has raised Rs 35,100 crore from asset sale so far in FY19. Source: PTI. WATCH LIVE TV . LIVE TV हिन्दी मराठी বাংলা தமிழ் മലയാളം ગુજરાતી తెలుగు ಕನ್ನಡ ਪੰਜਾਬੀ English . Under the spotlight of disinvestment, power equipment manufacturer Bharat Heavy Electricals Ltd (Bhel) may be just beginning to lighten up. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Markets have not given return only in last three years since 2017-18’. 14.39 % Invest Now. No headway in Bhel disinvestment: Vilasrao Deshmukh - Union minister for heavy industries Vilasrao Deshmukh said any decision regarding disinvestment of Bhel has to … Webinar - GDP@7.6%: Fudged numbers or we are really growing. BSE PSU plunged 18 per cent in the last one year against 3.5 per cent decline of the Sensex. BHEL Disinvestment Likely in April; May Fetch Rs 3,200 cr The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL to meet the Rs 41,000 crore stake sale target Union Government today ruled out the disinvestment of Bharat Heavy Electricals Limited, BHEL. By continuing to use our website, you agree to our. 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