Praful Patel,Heavy Industries Minister has openly spoken on the issue of BHEL disinvestment and he has stated that BHEL is a very strong company.
He further added that under the current circumstances, perception of the sector being what it is...we have to be a little cautious. BHEL is also at the moment, not very well priced and we do not want to sell...there is no question of a distress sale.
So it appears that BHEL disinvestment appears to be a distant dream. It is good that govt of India waits for some more time to get a good valuation for the stock.