Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Centre invites expressions of interest for 26% stake sale in BEML

IANS
Updated: January 3rd, 2021, 22:00 IST
in Business
0
Image courtesy-Twitter

Image courtesy-Twitter

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: The Central government has invited expressions of interest (EoI) for the strategic sale of 26 per cent stake in Bharat Earth-Movers Ltd (BEML).

BEML is a ‘Miniratna’ Category-1 Public Sector Undertaking, under the administrative control of Ministry of Defence. The government currently holds 54.03 per cent stake in it.

Also Read

Gold falls Rs 150, silver plunges Rs 1,000 amid weak global cues

10 hours ago
RBI

RBI’s new gold loan rules may force lenders to alter business models: Report

13 hours ago

“Govt has issued the PIM/EOI for disinvestment of 26 per cent equity share capital of BEML Ltd along with transfer of management control. Disinvestment will be through a two stage competitive bidding process,” said a tweet by the Twitter handle of the Secretary, Department of Investment and Public Asset Management.

The Centre appointed SBI Capital Markets Ltd (SBICAP) as its transaction advisor to advise and manage the strategic disinvestment process, BEML said in a regulatory filing.

As per the Preliminary Information Memorandum (PIM), non-operational or surplus land assets will be hived-off and excluded it from the process of strategic disinvestment.

Accordingly, these assets will not form a part of the transaction. If the process of hive-off is not completed before the completion of the strategic disinvestment process, then a suitable mechanism shall be formulated to ensure that the non-operational surplus land does not form part of the total assets of the company post disinvestment.

Companies, LLPs and funds eligible to invest in India can participate in the disinvestment process.

Regarding consortiums bidding for the PSU, each consortium is required to declare one ‘lead member’, who shall hold at least 51 per cent equity share capital of the SPV promoted or to be promoted by the members of the consortium for acquiring the GOI stake being divested in BEML.

The minimum net worth of a company or a consortium required to submit EoIs is Rs 1,400 crore.

The filing said that the disinvestment process is to be implemented through open competitive bidding route.

Interested bidders who meet the requirements as per the preliminary information memorandum may submit their EOIs on or before 5 p.m. of March 1, 2021.

Incorporated on May 11, 1964, BEML operates under three major business verticals — mining and construction, defence, and rail and Metro.

 

IANS

Tags: Bharat Earth-Movers LtdCENTRAL GOVERNMENTexpressions of intereststrategic sale
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

IEC (1yr.)

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019

Archives

Editorial

Trouble For Iran

Iran flag
June 18, 2025

The escalating conflict between Israel and Iran has plunged the Middle East into deeper turmoil, with ramifications stretching far beyond...

Read more

Korean Challenge

Lee Jae-myung
June 17, 2025

The people of South Korea have shown their maturity as votaries of democracy by recently gifting a landslide victory to...

Read more

Mid East Great Again

Iran's private message to Israel: ‘Can intervene if military campaign continues in Gaza’
June 16, 2025

For decades, current Israeli Prime Minister Benjamin Netanyahu has been warning about the “existential threat” that a nuclear-armed Iran poses...

Read more

Nameless Doctrine

June 15, 2025

On 12 June, the United Nations General Assembly adopted a resolution demanding an immediate, unconditional and lasting ceasefire in Gaza....

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST