Govt to promote 3% stake in BHEL through OFS, units flooring worth at Rs 254 per share
The federal government has additionally retained an oversubscription choice to promote an extra 6.96 crore shares, equal to 2% fairness, which might take the overall potential divestment to 17.41 crore shares, or 5% of the corporate’s fairness capital, if absolutely exercised.
The shares might be offered by means of a separate, designated OFS window on the BSE and NSE.
The OFS will happen throughout buying and selling hours on Wednesday, commencing at 9:15 am and can shut at 3:30 pm.
On the given flooring worth, the federal government will increase Rs 2,653 crore on divestment of three% fairness whereas the quantity will go as much as Rs 4,422 crore if the oversubscription possibility is exercised.
BHEL shares at the moment ended at Rs 275.90m gaining Rs 1.25 or 0.46% over the earlier closing worth.
BHEL reported a pointy turnaround in its December-quarter efficiency, with internet revenue greater than tripling on the again of upper execution and working leverage. The state-owned engineering main posted a internet revenue of Rs 382 crore for the third quarter ended December 2025, in contrast with Rs 125 crore in the identical interval final yr, marking a 206% year-on-year bounce.Income from operations rose 16% YoY to Rs 8,473 crore from Rs 7,277 crore a yr earlier, reflecting improved mission execution and a stronger order pipeline. Whole revenue for the quarter, together with different revenue, stood at Rs 8,700 crore, up from Rs 7,393 crore within the year-ago interval.
On the price facet, whole bills rose to Rs 8,188 crore from Rs 7,224 crore within the year-ago quarter. The price of supplies and companies elevated to Rs 6,059 crore, whereas worker profit bills edged up marginally to Rs 1,531 crore. Finance prices declined sequentially to Rs 182 crore from Rs 195 crore within the September quarter, which supplied extra help to profitability.
