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BHEL disinvestment on hold: Patel

01:47 AM Jun 02, 2019 | Free Press Journal Correspondant

Mumbai: The government is not considering divesting its stake in power equipment maker BHEL due to present volatile market conditions, Heavy Industries and Public Enterprises Praful Patel said. ” There is no immediate plan considering the current market conditions and overall mood about the power sector,” Patel told reporters on the sidelines of a CII function here. The government, which holds 67.72 per cent stake in the PSU, had approved disinvestment of five per cent shareholding.

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