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Bharat Heavy Electricals Limited ( (IN:BHEL) ) has issued an announcement.
Bharat Heavy Electricals Limited has announced a Postal Ballot Notice seeking shareholder approval for an amendment to its Articles of Association. The proposed amendment aims to grant the company’s directors the authority to establish joint ventures and subsidiaries both in India and abroad, as well as to divest shareholding in these entities, in compliance with government guidelines. This strategic move could enhance BHEL’s operational flexibility and expand its market reach, potentially impacting its industry positioning and stakeholder interests.
More about Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited (BHEL) is a leading engineering and manufacturing company in India, primarily focusing on power generation equipment and services. As a government undertaking, BHEL plays a significant role in the Indian heavy electrical equipment industry, serving both domestic and international markets.
Average Trading Volume: 692,781
Technical Sentiment Signal: Buy
Current Market Cap: 981.2B INR
Learn more about BHEL stock on TipRanks’ Stock Analysis page.