Centre to invite financial bids for selling 26 per cent in BEML

The government is planning to invite financial bids for BEML’s strategic sale, after recently listing its non-core business on the bourses. In January 2021, the government invited preliminary bids for the sale of a 26 per cent stake in BEML along with management control, resulting in multiple ex­pressions of interest. At the current market price, this sale is expected to generate around Rs 15 billion for the exchequer.