New Delhi, March 19 (IANS) Engineering giant Bharat Heavy Electricals Limited (BHEL) said on Thursday it will invest up to Rs 3,064.46 crore as equity into Bharat Coal Gasification and Chemicals Ltd. (BCGCL), according to an exchange filing.BHEL’s contribution will be spread over four years, into the Joint Venture Company of BHEL and Coal India with equity shareholding of 49 per cent and 51 per cent respectively.The JV’s initial objective is to undertake chemicals business through setting up a…
Latest Bharat Heavy Electricals Limited News & Updates
New Delhi, Feb 10 (IANS) The government announced on Tuesday that it has launched an Offer for Sale (OFS) to divest up to a 5 per cent stake in engineering giant Bharat Heavy Electricals Limited (BHEL). The government will sell an initial 3 per cent stake, with an option to offload an additional 2 per cent stake to accommodate any oversubscription of bids. The floor price for the OFS has been fixed at Rs 254 per share.“Offer for Sale in Bharat Heavy Electricals Limited (BHEL) opens tomorrow fo…
Ahmedabad, Feb 9 (IANS) Adani Energy Solutions Ltd (AESL) on Monday said it has secured long-term financing from a consortium of Japanese banks for its flagship high-voltage direct current (HVDC) transmission project.This project will ensure a 6,000 MW green evacuation corridor designed to strengthen the flow of renewable power across northern India — enough to power 60 million households.The 950-kilometre corridor will connect Bhadla in Rajasthan to Fatehpur in Uttar Pradesh. Scheduled for com…
New Delhi, Jan 19 (IANS) State-owned engineering giant Bharat Heavy Electricals Limited (BHEL) on Monday reported a more than three-fold jump in standalone net profit to Rs 382.49 crore in third quarter (October-December) of 2025-26 compared with the corresponding figure of Rs 124.77 crore in the same quarter of the previous financial year.BHEL’s revenue from operations increased 16.4 per cent year-on-year to Rs 8,473.10 crore, supported by steady execution in the power and industrial segments…