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

NEW DELHI: State-run power equipment maker BHEL on Thursday 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 said the company has received orders worth Rs 10,000 crore during the April-June quarter, he said.