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To a question whether the government is considering offloading a 10% stake in Bhel, minister of state for heavy industries and public enterprises Arun Yadav said, “No”, in a written reply to the Lok Sabha.
Heavy industry minister Vilasrao Deshmukh had also said that the government has no concrete proposal yet to divest equity in blue-chip Bhel. “The issue has to be decided by the disinvestment department in the finance ministry. Neither have they raised the issue with us, nor have we talked to them,” Deshmukh had said.
The government has a 67 % stake in the company. The Bhel share was down 1.14% at Rs 2,023.30 in late afternoon trade today. Yadav said Bhelhas made a proposal to Indian Railways for supplying stainless steel EMU (electrical multiple unit) coaches on a long-term basis. The proposal is with the railway board.
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