India sells 3% stake in BHEL, with option to sell 5%, raising up to ₹4,422 crore.

The Indian government is selling a 3% stake in state-owned Bharat Heavy Electricals Ltd (BHEL) through an offer for sale, with a greenshoe option to sell an additional 2%, potentially raising up to 5% of BHEL’s equity. The sale, open to non-retail investors on February 10, 2026, has a floor price of ₹254 per share, with proceeds expected to reach ₹4,422 crore if the full option is exercised. BHEL’s shares closed at ₹276.05 on Tuesday. The disinvestment is part of the government’s FY26 plan, which has already raised ₹8,768 crore from stake sales. BHEL reported a 206% year-on-year net profit increase to ₹382 crore in the December 2025 quarter, driven by improved project execution and a strong order pipeline.