How much could the government raise from selling BHEL shares?

The government could potentially raise approximately ₹4,500 crore from the proposed sale of BHEL shares.

What project has BHEL recently secured?

BHEL has secured a project valued at around ₹2,800 crore for a Syngas Purification Plant from Bharat Coal Gasification and Chemicals Limited (BCGCL).

Home / Business and Economy / Govt Plans Up To 5% BHEL Stake Sale Worth ₹4,500 Cr

Govt Plans Up To 5% BHEL Stake Sale Worth ₹4,500 Cr

10 Feb

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Summary

Government plans to sell up to 5% stake in BHEL.
BHEL secured a ₹2,800 crore project from its JV partner.
The stake sale could raise approximately ₹4,500 crore for the government.

Govt Plans Up To 5% BHEL Stake Sale Worth ₹4,500 Cr

The Indian government is considering selling up to a 5% stake in Bharat Heavy Electricals Ltd (BHEL) via an Offer for Sale (OFS). This potential divestment could fetch the government approximately ₹4,500 crore, with the floor price anticipated to range from ₹255 to ₹260 per share. The Department of Investment and Public Asset Management (DIPAM) is currently gathering feedback from financial advisors on this proposed sale.

In parallel, BHEL has received a letter of acceptance for a significant project valued at around ₹2,800 crore (excluding taxes and duties) from Bharat Coal Gasification and Chemicals Limited (BCGCL). This order is for the Syngas Purification Plant, a crucial component for BCGCL's ammonium nitrate project in Jharsuguda, Odisha. BCGCL is a joint venture where Coal India Limited holds a 51% stake and BHEL holds the remaining 49%.