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The government has also retained an oversubscription option to sell an additional 6.96 crore shares, equivalent to 2% equity, which would take the total potential divestment to 17.41 crore shares, or 5% of the company’s equity capital, if fully exercised.
The shares will be sold through a separate, designated OFS window on the BSE and NSE.
The OFS will take place during trading hours on Wednesday, commencing at 9:15 am and will close at 3:30 pm.
At the given floor price, the government will raise Rs 2,653 crore on divestment of 3% equity while the amount will go up to Rs 4,422 crore if the oversubscription option is exercised.
BHEL shares today ended at Rs 275.90m gaining Rs 1.25 or 0.46% over the previous closing price.
BHEL reported a sharp turnaround in its December-quarter performance, with net profit more than tripling on the back of higher execution and operating leverage. The state-owned engineering major posted a net profit of Rs 382 crore for the third quarter ended December 2025, compared with Rs 125 crore in the same period last year, marking a 206% year-on-year jump.Revenue from operations rose 16% YoY to Rs 8,473 crore from Rs 7,277 crore a year earlier, reflecting improved project execution and a stronger order pipeline. Total income for the quarter, including other income, stood at Rs 8,700 crore, up from Rs 7,393 crore in the year-ago period.
On the cost side, total expenses rose to Rs 8,188 crore from Rs 7,224 crore in the year-ago quarter. The cost of materials and services increased to Rs 6,059 crore, while employee benefit expenses edged up marginally to Rs 1,531 crore. Finance costs declined sequentially to Rs 182 crore from Rs 195 crore in the September quarter, which provided additional support to profitability.
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