The government’s proposed divestment in Bharat Heavy Electricals Ltd (Bhel), considered by a group of ministers along with that of ONGC, hinges on the outcome of the effort to address the power sector’s problems.
A senior official from the department of disinvestment said the reason for not pushing disinvestment in the company at this juncture was due to the argument by the ministry of heavy industries that the fair value of each Bhel share was around Rs 500, as against the current Rs 300. The lower value, said the official, had been attributed to power sector woes.
more at:
http://www.business-standard.com/india/news/bhel-plan-delayedpower-sector-blues/467330/
Saturday, March 10, 2012
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