The federal government has additionally retained an oversubscription choice to sell a further 6.96 crore shares, equal to 2% fairness, which might take the whole potential divestment to 17.41 crore shares, or 5% of the corporate’s fairness capital, if absolutely exercised.
The shares can be offered by 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 floor price, the federal government will elevate Rs 2,653 crore on divestment of three% fairness whereas the quantity will go up to Rs 4,422 crore if the oversubscription choice is exercised.
BHEL shares at the moment ended at Rs 275.90m gaining Rs 1.25 or 0.46% over the earlier closing price.
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 12 months, marking a 206% year-on-year leap.Income from operations rose 16% YoY to Rs 8,473 crore from Rs 7,277 crore a 12 months earlier, reflecting improved challenge execution and a stronger order pipeline. Whole earnings for the quarter, together with different earnings, stood at Rs 8,700 crore, up from Rs 7,393 crore in the year-ago interval.
On the associated fee aspect, complete bills rose to Rs 8,188 crore from Rs 7,224 crore in the year-ago quarter. The price of supplies and providers 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 in the September quarter, which offered further assist to profitability.
Source link
#Govt #sell #stake #BHEL #OFS #sets #floor #price #share
