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.
The government is looking to sell successfully running public sector infrastructure projects such as power and steel plants to private companies in a bid to boost green-field investment and create fresh capacity.
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.
Bramas, a non-profit association which identifies and supplies raw materials for micro, small and medium enterprises (MSME) attached to BHELSIA (BHEL Small and Medium Industries Association), has attained a landmark by registering a turnover of Rs 200 crores in the financial year 2017-18.
Bharat Heavy Electricals Ltd (BHEL), the country’s largest powerequipment manufacturer, today announced it has appointed S Balakrishananas Director-Industrial Systems & Products.
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.
Most power stocks were trading in the negative territory in Monday’s trade, keeping the sectoral index down. The BSE Power index was trading 0.87 per cent down at 2,088 around 12:25 pm. Shares of KEC International, Adani Power and JSW Energy cracked up to 4 per cent in the power index.
Bharat Heavy Electricals Ltd (BHEL), India’s largest power equipment manufacturer, today announced it has bagged an order for executing the largest hydro power project in Nepal.
India-based Bharat Heavy Electricals (BHEL) has won a contract for the renovation and modernization (R&M) of electrostatic precipitators (ESP) at the Ramagundam Super Thermal Power Station (STPS) in Telangana, India.
How are you looking at the rise in the order flows for the cap good sector up — 70% on a year on year basis — that is closer to 3 lakh crore? Would you attribute it mainly to the base effect or is there a change in the trend here?