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…
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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…
New Delhi, Jan 5 (IANS): Upstream public sector giant Oil and Natural Gas Corporation Limited (ONGC) on Monday signed joint venture agreements with Japan’s Mitsui O.S.K. Lines Ltd. (MOL) for a 50 per cent stake each in two joint venture entities — Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited, registered in Gift City at Gujarat’s Gandhinagar.”The Maharatna company will subscribe to 2,00,000 equity shares, of Rs 100 per share, in each of the joint venture …