Bharat Heavy Electricals Limited (BHEL) has announced an update regarding its proposed joint venture with REC Power Development and Consultancy Limited. As of September 25, 2025, the Board of Directors noted that DIPAM has not agreed to the proposal for the formation of this joint venture. The meeting to discuss this matter commenced at 4:00 PM and concluded at 5:30 PM.
Joint Venture Discussion
On September 25, 2025, the Board of Directors of Bharat Heavy Electricals Limited (BHEL) convened a meeting to discuss the proposed joint venture with REC Power Development and Consultancy Limited. The meeting was held to provide an update on the status of the proposed collaboration.
DIPAM’s Decision
During the meeting, it was noted that DIPAM (Department of Investment and Public Asset Management) has not agreed to the proposal for the formation of a joint venture between BHEL and REC Power Development and Consultancy Limited. This decision impacts the future strategic direction concerning power development and consultancy initiatives of BHEL.
Meeting Details
The meeting to discuss the joint venture commenced at 4:00 PM and concluded at 5:30 PM on September 25, 2025. This update provides clarity to stakeholders regarding the company’s plans in the power sector.
Source: BSE
