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Shares of BHEL rose on Wednesday after the government said it had no plans to divest part holding in the company.
BHEL shares gained as much as 3 per cent on the BSE and was quoting at Rs 169.55 on the BSE at 12.10 pm.
“The government has no plans to divest part of its holding in BHEL,” Heavy Industries Minister Anant Geete said on Tuesday after market hours.
The company has new orders worth Rs 22,000 crore ($3.30 billion) this year, he added.
The government earlier approved the sale of 5 per cent stake in the company.
The government owns 63.06 per cent in BHEL. The stock is down 36.3 per cent year-to-date.
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