The Government of India has announced plans to divest up to a 3% stake in Bharat Heavy Electricals Ltd (BHEL) through an Offer for Sale (OFS), with an additional greenshoe option to offload another 2% stake in case of strong demand.
The OFS will be conducted over two trading days, February 11 and 12, 2026. The floor price has been fixed at ₹254 per share, reflecting a discount of around 8% compared to BHEL’s closing price on the NSE prior to the announcement.
Under the base offer, the government aims to sell shares equivalent to 3% of BHEL’s total paid-up equity, estimated to raise approximately ₹2,650 crore. If the oversubscription option is exercised, an additional 2% stake could be sold, potentially generating another ₹1,770 crore.
The shares are being offered by the President of India, acting through the Ministry of Heavy Industries, which is the company’s promoter.
For non-retail investors, the OFS will open on February 11, 2026, from 9:15 am to 3:30 pm IST. Retail investors, along with non-retail investors who choose to carry forward their bids, can participate on February 12, 2026, during the same trading hours.
Also Read: IndiGo's FDTL Exemption Ends Today: Full Compliance Required By DGCA
Separately, BHEL has secured a significant project order from Bharat Coal Gasification and Chemicals Limited (BCGCL), valued at approximately ₹2,800 crore, excluding applicable customs duty and GST.
BCGCL is a joint venture between Coal India Limited (holding 51%) and BHEL (holding 49%). The order involves setting up the Syngas Purification Plant under the LSTK-2 package for BCGCL’s coal-to-ammonium nitrate project with a capacity of 2,000 tonnes per day. The facility will be developed at Lakhanpur in the Jharsuguda district of Odisha.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Feb 11, 2026, 9:50 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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