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June 11, 2001 		Feedback  
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Government may sell BHEL shares to public

The government is planning to sell a portion of its stake in power equipment maker Bharat Heavy Electricals Ltd, to retail investors instead of roping in a strategic partner like other state-owned companies, a business daily said on Monday.

The government believes that BHEL is a well-run, profit making company and does not need any technical or managerial inputs from strategic partners, the Business Standard newspaper said quoting official sources.

The company could not be immediately reached for comment.

A public offer would also attract a number of small investors who are already familiar with the company, the paper added.

BHEL is owned 67.72 per cent by the government while foreign funds own 14.86 per cent.

It is a leading maker of power equipment. The paper did not say how much stake the government plans to sell.

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