BHEL FPO in Government's divestment pipeline - Indian IPO Blog

Tuesday, August 30, 2011

BHEL FPO in Government's divestment pipeline

Bharat Heavy Electricals Limited, the electrical equipment heavyweight, may come up with a Follow-on Public Offer (FPO) in line with Government's divestment plans. The Cabinet Committee of Economic Affairs (CCEA) is expected to take up the topic of follow-on-public offer of BHEL for discussion today on August 30, 2011.

Bharat Heavy Electricals Limited (BHEL) is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector, today. BHEL was established more than 40 years ago, ushering in the indigenous Heavy Electrical Equipment industry in India. The company has been earning profits continuously since 1971-72

The Government of India holds 67.72% stake in BHEL. According to the company's website, BHEL has acquired certifications to Quality Management Systems (ISO 9001), Environmental Management Systems (ISO 14001) and Occupational Health & Safety Management Systems (OHSAS 18001) and is also well on its journey towards Total Quality Management.

BHEL caters to the core sectors of the Indian Economy, viz. Power, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas and Defence. BHEL's operations are organised around three business sectors, namely Power, Industry - including Transmission, Transportation and Renewable Energy - and Overseas Business

The latest updates regarding the BHEL FPO Dates, pricing and other information on the FPO will be updated on Indian IPO Blog regularly. Check back for the latest updates!

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