No respite in sight for BHEL

Despite stock valuations near their all-time lows and talk of imposition of import duty on power equipment, Bharat Heavy Electricals Ltd’s proposed follow-on public offer (FPO) might not evoke a resounding response. The government plans to sell five per cent of BHEL’s equity, the second largest company in terms of market capitalisation among the 15 public sector units (after NMDC) listed for divestment. more at: http://www.business-standard.com/india/news/no-respite-in-sight-for-bhel/478685/