BHEL on Thursday said its cash position is comfortable, but if the government wants to divest further equity through a follow-on public offer it could be done next fiscal.
"We are a cash-surplus company, but if the government wants to bring out an FPO (follow-on public offer), they can, but I think only in the next financial year," BHEL Chairman and Managing Director K Ravi Kumar told reporters.
He said the company has received orders worth Rs 10,000 crore during the April-June quarter, he said.
ref:
http://economictimes.indiatimes.com/News-by-Industry/BHEL-cash-surplus-govt-may-bring-in-FPO-next-fiscal-CMD/articleshow/4784140.cms
Saturday, July 18, 2009
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