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'BHEL cash-surplus, govt may bring in FPO next fiscal'

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 10:14 PM IST

State-run power equipment maker BHEL today said its cash position is comfortable, but if the government wants to divest further equity through a follow-on public offer it could be done next fiscal.     

"We are a cash-surplus company, but if the government wants to bring out an FPO (follow-on public offer), they can, but I think only in the next financial year," BHEL Chairman and Managing Director K Ravi Kumar told reporters.     

He added the company has received orders worth Rs 10,000 crore during the April-June quarter.

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First Published: Jul 16 2009 | 12:54 PM IST

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