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BHEL Disinvestment News and Updates from The Economictimes.com. Farmer leaders said they are making arrangements to host the women members coming from various parts of Punjab -- tents are being put ... Is Air India the right buy for Tata in the current scenario? BHEL Disinvestment News and Updates from The Economictimes.com. At 1:52 pm (IST), BHEL was trading at Rs. BHEL is an engineering and manufacturing company based in New Delhi, which was constituted in 1964 to develop the Heavy Electrical Equipment industry in India. InterGlobe 1,744.80 100.75. The central government on February 4, 2020 stated that it has not taken any decision for strategic disinvestment and privatization of BHEL. Also, get complete details. 6.88 % Invest Now. Download Current Affairs and GK app, एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप, This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. Sandip Sabharwal said withdrawal of long-term capital gains tax can make the market go up. BHEL is India’s largest power generation equipment manufacturer. The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL in April, in a bid to meet the Rs 41,000 crore stake sale target for 2015-16. Cabinet clears strategic disinvestment proposal for BHEL, Neelachal Ispat, MMTC, NMDC The Cabinet also approved ratification of migration and … The whole ONGC auction confusion has taken its toll on the government's disinvestment plan. In a written reply in the Rajya Sabha, Minister … Brokerage says divestment target may grow, especially if govt goes for more tax cuts. 12.21 % Invest Now. LIVE TV हिन्दी मराठी বাংলা தமிழ் മലയാളം ગુજરાતી తెలుగు ಕನ್ನಡ ਪੰਜਾਬੀ Vodafone Idea 10.30 1.2. NSE Gainer-Large Cap . Follow Us On. No headway in Bhel disinvestment: Vilasrao Deshmukh - Union minister for heavy industries Vilasrao Deshmukh said any decision regarding disinvestment of Bhel has to … headway has been made regarding the disinvestment of state-run power equipment maker Bharat Heavy Electricals Ltd (BHEL). The information was stated by Minister of State for Finance Anurag Thakur in a written reply in the Rajya Sabha. 1,969, down Rs. BHEL Disinvestment News and Updates from The Economictimes.com. IAS / Civil Services (PCS): FREE study material. FEATURED FUNDS … The government has raised Rs 35,100 crore from asset sale so far in FY19. NSE Gainer-Large Cap . Find Bhel Disinvestment Latest News, Videos & Pictures on Bhel Disinvestment and see latest updates, news, information from NDTV.COM. FEATURED FUNDS ★★★★★ SBI Small Cap … NSE Gainer-Large Cap . BHEL Disinvestment News and Updates from The Economictimes.com. 75.90 or 3.7% over the previous close. Markets have not given return only in last three years since 2017-18’. BHEL did not respond to FE’s queries regarding the government stake sale sent on Friday morning. Withdraw ill-conceived disinvestment and privatization policy. Neelachal Ispat Nigam Ltd (NINL) is a joint venture company, in which four central PSUs -- MMTC, National Mineral … By IANS Published on : Wed 08th January 2020, 04:30 PM. The government has raised Rs 35,100 crore from asset sale so far in FY19. A successful strategic buyer may use innovative methods to develop business operations that may generate more employment opportunities. SSC CHSL 2020-21 Registration for 4726 Vacancies Ends @ssc.nic.in on 15th Dec (Tomorrow): 12th Pass can apply for LDC/JSA/DEO/SA/PA Posts, Here's How to apply online! BHEL Disinvestment News and Updates from The Economictimes.com. "BHEL disinvestment is nothing as yet because the department (of disinvestment) has not communicated to us. Benchmarks . It is up to the Board of BHEL," Union Minister for Heavy Industries Vilasrao Deshmukh told reporters on the sidelines Cabinet clears disinvestment in Neelachal Ispat, BHEL MMTC, a trading firm under the Union ministry of commerce and industry, is the largest stakeholder in … We are still missing a few pieces of the jigsaw which would help boost consumption. BSE PSU plunged 18 per cent in the last one year against 3.5 per cent decline of the Sensex. VIDEO. The Minister ruled out the disinvestment of Bharat Heavy Electricals Limited (BHEL). Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. It could just be the time to nibble at select names from this basket. Benchmarks . Cabinet clears disinvestment in Neelachal Ispat, BHEL. Shares of Bharat Heavy Electricals Ltd (BHEL) fell nearly 3 per cent in opening trade on the bourses on Tuesday after news reports surfaced that the Union Cabinet is likely to approve the disinvestment of a 5 per cent stake in the state-run power equipment major next week. Let's reshape it today, Hunt for the brightest engineers in India, I see a possible 20-25% rally in Bharti Airtel from current levels with the downside of about 5%. BHEL is India’s largest power generation equipment manufacturer. The strategic buyer for NINL will be identified through a two-stage aucti... ‘My portfolio has done wonderfully well since 2009. LIVE TV हिन्दी मराठी বাংলা தமிழ் മലയാളം ગુજરાતી తెలుగు ಕನ್ನಡ If 5-7 stocks are taking Nifty up, then so be it. 5Y Return. 5Y Return. Take Weekly Tests on app for exam prep and compete with others. "Bhel disinvestment will happen this fiscal through block deal to LIC," Mathur added. It had earlier touched a day's low of Rs. Nifty 13,258.55 124.65. FEATURED FUNDS ★★★ ★★ ICICI Prudential Bluechip Fund Direct-Growth. हिन्दी বাংলা मराठी ગુજરાતી ಕನ್ನಡ தமிழ் മലയാളം తెలుగు ਪੰਜਾਬੀ اردو অসমীয়া ଓଡ଼ିଆ . The government announced that it will sell off 49.78 percent equity shareholding in MMTC, 10.1 percent in NMDC and 0.68 percent each in MECON and BHEL to a strategic buyer after a two-stage auction procedure. Benchmarks . You can’t ignore Nifty. The unit of Bhartiya Mazdoor Sangh of BHEL, on Thursday, protested against the disinvestment and launched the campaign. Union Government today ruled out the disinvestment of Bharat Heavy Electricals Limited, BHEL. BHEL produces turbines and boilers for power generation, which bring in the bulk of its revenue. However, a senior company official said that the disinvestment … Follow Newsd On New Delhi, Jan 8 (IANS) The Cabinet on Wednesday approved a proposal to divest equity shares of six PSUs, including MMTC and Odisha Mining Corporation in Neelachal Ispat Ltd. “The Cabinet has approved divestment of some shares of six companies held in … Instagram Telegram Google News. Cyclicals is the best place to take a small bet in your portfolio, says Go India Advisors MD. RRB NTPC Exam 2020 : Check Application status here from 21st to 30th Sep, 2020. TCS and Infosys emerged top contributors to Sensex gains. March 31 deadline for BPCL divestment was a very aggressive timeline. Bharat Heavy Electricals (BHEL) touched an intraday high of Rs 2,041 and an intraday low of Rs 2,001. Jobs for Clerk, Asst Managers, Engineers, Banking. It is currently owned and founded by the Indian government. You cannot sell Railways, Air India, Coal, BSNL, BHEL, banks, defence etc. FEATURED FUNDS ★★★★ ★ Nippon India Liquid Fund Direct-Growth. MMTC, BHEL, Hind Copper, CIL, NTPC, NMDC on first short list for disinvestment 14 Aug, 2018, 06.08 PM IST In the Union Budget for financial year 2018-19, the government had set … DOWNLOAD News18 APP. Nifty 13,258.55 124.65. English . The Minister stated that the disinvestment process is ongoing and the timing of a disinvestment transaction depends on the prevailing market conditions and investors' interest. News; Business; Companies; BHEL disinvestment likely in April; may fetch Rs 3,200 cr. CCEA approves disinvestment in MMTC/NMDC/BHEL and MECON. For reprint rights: Women from protesting farmers' families to join in, Saudi corruption crackdown evokes awe, fear, Worldwide COVID-19 cases cross 71.2 million, Stocks in the news: Burger King, YES Bank, JSW Steel, FRL and Bharti Infratel, ICICI Prudential Bluechip Fund Direct-Growth, Rs 20 lakh-crore pandemic package: Barely 10% disbursed, says RTI. List your Business on Economic Times for Free and reach out to millions of users. Shares of Bharat Heavy Electricals Ltd (BHEL) fell nearly 3% in opening trade on the bourses today after news reports surfaced that the Union Cabinet is likely to approve the disinvestment of a 5% stake in the state-run power equipment major next “BHEL has been a profit making venture. According to the data from DIPAM, the disinvestment of Rail Vikas Nigam Ltd has been initiated in the financial year of 2019-20. BHEL Disinvestment News and Updates from The Economictimes.com. Share: Updated: Mar 18, 2015, 21:32 PM IST . BHOPAL: Employee unions of BHEL, Bhopal have intensified their protest against proposed disinvestment plan. 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CHANGE LANGUAGE. Webinar - GDP@7.6%: Fudged numbers or we are really growing. Govt. The government today said no headway has been made regarding the disinvestment of state-run power equipment maker Bharat Heavy Electricals Ltd (BHEL). The Disinvestment Department wants ministries concerned to fast track appointment of independent directors in PSUs like BHEL and RINL, so that they can move ahead with the stake sale programme. InterGlobe 1,744.80 100.75. IT stocks rallied. 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In 2018-19 financial year, disinvestment had been done in major CPSEs including Oil and Natural Gas Corporation, Coal India Ltd, Bharat Heavy Electricals Ltd. (BHEL) etc. BHEL designs, engineers, constructs and produces a variety of electrical and mechanical equipment for all sectors including oil and gas, transportation, power generation, transmission, defence and other allied industries. WATCH LIVE TV . While strategic disinvestment had taken place at HSCC (India) Ltd, Dredging … At 09:29 hrs the share was quoting at Rs 2,004.30, down Rs 41.40, or 2.02%. FEATURED FUNDS ★★★★★ SBI Small Cap Fund Direct … By continuing to use our website, you agree to our. New Delhi: NMDC Chairman and Managing Director N Brijendra Kumar on Friday said that the Union Cabinet has approved disinvestment of stake of six public sector units (PSUs) in Neelachal Ispat Nigam Ltd, and not that of NMDC. 14.39 % Invest Now. FEATURED FUNDS ★★★★ ★ Axis Long Term Equity Direct Plan-Growth. Explore more on Bhel Disinvestment. BHEL is India’s largest power generation equipment manufacturer. The move was expected to bring in new management, technology and investment, which will enable the growth of the company. 1,947 after opening at a day's high of Rs. It also provides defence equipment and electric locomotives to the Indian Railways. The Cabinet Committee on Economic Affairs had on January 8, 2020 approved the strategic disinvestment in Bharat Heavy Electricals Ltd (BHEL) along with Minerals & Metals Trading Corporation Ltd (MMTC), National Mineral Development Corporation (NMDC), Metallurgical and Engineering Consultants (MECON) and two Odisha state government public sector undertakings. In the Union Budget for financial year 2018-19, the government had set a disinvestment target of Rs 80,000 crore. BHEL Disinvestment Likely in April; May Fetch Rs 3,200 cr The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL to meet the Rs 41,000 crore stake sale target Tomorrow is different. Under the spotlight of disinvestment, power equipment manufacturer Bharat Heavy Electricals Ltd (Bhel) may be just beginning to lighten up. The Minister of State also stated that the government has fixed the disinvestment target of Rs 1,05,000 crore for the current fiscal year and till last month Rs 18,345 crore was received through disinvestment. Source: PTI. Disinvestment is not a solution, the employees said. Latest Current Affairs for Banking, SSC, UPSC etc. Nifty 11,050.25 244.7. Timing for the BHEL follow-on public offer will depend on the market conditions and the FPO may even be deferred till there is a volatility in the stock exchanges. Read more about BHEL dips 3% on disinvestment news on Business Standard. 5Y Return. Bharat Heavy Electricals (BHEL) share surged 25 percent in the early trade on October 18 on the report of government likely to cut its stake in the company. 2,041. Buyer may use innovative methods to develop Business operations that may generate more employment opportunities the from! The campaign Bennett, Coleman & Co. Ltd. All rights reserved central on. Rs 2,004.30, down Rs 41.40, or 2.02 % lighten up crore., Engineers, Banking Times for Free and reach out to millions of.. For exam prep and compete with others தமிழ் മലയാളം తెలుగు ਪੰਜਾਬੀ اردو ঠসমীয়া...., power equipment manufacturer app for exam prep and compete with others quoting. Provides defence equipment and electric locomotives to the Indian Railways today ruled out the disinvestment of Heavy. Top contributors to Sensex gains PCS ): Free study material - GDP @ 7.6:... Very aggressive timeline day 's low of Rs to our withdrawal of long-term capital gains tax can make the Go. Ltd. 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