Feb 19, 2013, 10.34 PM IST
The Cabinet is likely to take up the matter of merging Bharat Heavy Plate Vessels (BHPV) with parent company BHEL, in a meeting scheduled on Wednesday
Prime Minister Manmohan Singh in 2008 announced the merger of sick-unit BHPV with BHEL. The merger was approved by the company's board in 2010. The much-awaited merger may pave the way for employees of BHPV to get 60 percent of 1997 wage-revision arrears once the company's losses are absorbed up to 50 percent.
According to sources, the Cabinet may also approve regularisation of pay scales of below board-level executives in state-run REC , NHPC , North East Electrification Power Corp, THDC India and the Satluj Jal Vidyut Nigam. The proposal is for regularising pay scales of this category of employees with effect from January 1, 1997.
BHEL stock price
On December 12, 2013, Bharat Heavy Electricals closed at Rs 161.40, down Rs 0.65, or 0.4 percent. The 52-week high of the share was Rs 245.40 and the 52-week low was Rs 100.35.
The company's trailing 12-month (TTM) EPS was at Rs 21.82 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 7.4. The latest book value of the company is Rs 124.38 per share. At current value, the price-to-book value of the company is 1.30.
Action in Bharat Heavy Electricals
Video of the day
Dec 11 2013, 09:54
- in Business
Dec 4 2013, 11:08
- in FII View
We notice that this Email ID is already verified against Moneycontrol User ID. Just enter your password and login to Set Alert.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.