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42 announcements match the current filters (relevance ≥ 5).
BHEL Amends AOA to Remove ₹1000 Crore Investment Cap for JVs and Subsidiaries
Bharat Heavy Electricals Limited (BHEL) has amended its Articles of Association to remove specific financial caps on investments in Joint Ventures and Subsidiaries. Previously, the company was restricted to investing a maximum of 15% of its net worth per project (capped at ₹1000 Crores) and 30% of net worth across all projects. The new amendment removes these fixed limits, allowing the company to establish and divest JVs and subsidiaries in accordance with evolving Government of India guidelines. This change provides BHEL with significantly higher financial flexibility for strategic expansions and restructuring.
Key Highlights
Removed the ₹1000 Crore ceiling for equity investment in individual Joint Venture projects.
Eliminated the aggregate investment limit of 30% of the company's net worth for all projects.
Incorporated explicit provisions for the divestment of shareholding in JVs and subsidiaries.
The amendment was approved via a Special Resolution passed through postal ballot on December 18, 2025.
Aligns company bylaws with current Government of India guidelines for greater operational autonomy.
👀 What to Watch
Investors should view this as a positive structural move that enables BHEL to pursue larger strategic partnerships and divestments. Monitor for future announcements regarding new large-scale JVs that were previously restricted by the ₹1000 Crore cap.
BHEL Announces Change in Senior Management
Bharat Heavy Electricals Limited (BHEL) has announced the appointment of Shri Sunil Kumar Somani as the new Head of Fabrication, Stamping & Insulator Plant (FSIP), Jagdishpur, effective December 15, 2025. Mr. Somani, previously General Manager & Head (FSIP), Jagdishpur, will now report to Director (E, R&D). He has been with BHEL since February 12, 1990, accumulating 35 years of service. This change in senior management is part of BHEL's ongoing organizational structure.
Key Highlights
Shri Sunil Kumar Somani appointed as Head of FSIP, Jagdishpur effective 15th December, 2025
Sunil Kumar Somani has 35 Years of Service in BHEL
Sunil Kumar Somani joined BHEL on 12.02.1990
The announcement was made on 15.12.2025
👀 What to Watch
Investors should monitor the impact of this management change on BHEL's operations and future performance. This is a routine management update, so no immediate action is required.