Bhel OFS opens for non-retail investors; govt to sell up to 5% stake | Company News
The proposed stake sale is part of the Centre’s disinvestment programme for the current financial year. As per data available on the DIPAM disinvestment receipts portal, the government has so far raised about Rs 8,768 crore in FY26 through minority stake sales and other receipts. The final amount to be raised through the BHEL OFS will depend on investor response and the exercise of the green shoe option.
BHEL is a major public sector undertaking under the Ministry of Heavy Industries and plays a key role in India’s power and infrastructure sectors. Separately, the company has received a Letter of Acceptance (LoA) from Bharat Coal Gasification and Chemicals Limited (BCGCL) for a project worth around Rs 2,800 crore, excluding customs duty and goods and services tax.
BCGCL is a joint venture between Coal India Limited, which holds a 51 per cent stake, and BHEL, which owns the remaining 49 per cent. The order relates to the syngas purification plant under the LSTK-2 package for BCGCL’s coal-to-2,000-tonnes-per-day ammonium nitrate project at Lakhanpur in Odisha’s Jharsuguda district.
As part of the contract, BHEL will handle design and engineering, supply of equipment, civil works, erection and commissioning, along with operations and maintenance services. Shares of Bharat Heavy Electricals Ltd ended 0.53 per cent higher at Rs 276.05 on the BSE, gaining Rs 1.45 during the session.
The Union Budget 2026–27 has set a disinvestment target of Rs 80,000 crore under miscellaneous capital receipts, which includes the sale of shares in public sector undertakings (PSUs) and asset monetisation. However, in the financial year 2025–26 (FY26), the government fell short of its budgeted target of Rs 47,000 crore, prompting a downward revision to Rs 33,837 crore in the Revised Estimates (RE).
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