Govt looking to divest stake in 6 state-run firms

Govt looking to divest stake in 6 state-run firms

The government may sell stake in six state-run companies, including NTPC, MMTC, BHEL and Coal India. A report by ETNow said that government readies divestment plan from September-March period. It may divest 3 per cent stake in NTPC and 15 per cent stake in MMTC.

BHEL to foray into Metro Rail Coaches development biz

BHEL to foray into Metro Rail Coaches development biz

State-run BHEL will foray into development of metro rail coaches and is also exploring the possibility of manufacturing lithium-ion batteries in India along with four foreign firms, Union Minister Anant Geete said today.

Spring in BHEL’s profitability appears unsustainable

Spring in BHEL’s profitability appears unsustainable

Shares of Bharat Heavy Electricals Ltd (BHEL) rallied over 5% on Tuesday after it surprised the Street by reporting a sharp improvement in profitability for the March quarter (Q4). Its Ebitda (earnings before interest, taxes, depreciation and amortization) margin expanded 5.9 percentage points to 13.8% from a year ago, exceeding single-digit margin estimates of the Street.

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