BHEL pays Rs 1,524.8 cr dividend to government
Quotes

BHEL pays Rs 1,524.8 cr dividend to government

Last Updated: Tuesday, September 27, 2011, 22:05
 
 Comment 0
 
BHEL pays Rs 1,524.8 cr dividend to government
New Delhi: Power equipment maker Bharat Heavy Electricals has paid its highest equity dividend of Rs 1,524.8 crore to the government for 2010-11.

A cheque of Rs 593.4 crore towards final dividend for 2010-11 was presented to Heavy Industries and Public Enterprises Minister Praful Patel here Tuesday. The cheque was given by BHEL Chairman and Managing Director B P Rao.

"With a final dividend payout of 179 per cent, BHEL has paid the highest-ever equity dividend of 311.5 per cent for fiscal 2010-11, as against 233 per cent paid in the year before," the company said in a statement on Tuesday.

The total amount includes an interim dividend of 133 percent paid earlier.

"At Rs 1,524.8 crore, this is the highest-ever dividend paid by the company so far," it added.

State-run BHEL raked in a profit of Rs 9,006 crore for the 2010-11 financial year and all-time high turnover of Rs 43,337 crore.

"The company has set an ambitious target of commissioning over 20,000 MW comprising utilities, industrial and overseas projects during 2011-12," Rao said during its annual general meeting last week.

In 2010-11, BHEL commissioned 9,442 MW of power equipment. This includes 52 sets of equipment, with a combined capacity of 7,667 MW, commissioned within the country and abroad.

PTI


First Published: Tuesday, September 27, 2011, 22:05


Comments


comments powered by Disqus
Forbes 2015 Rich List
Forbes 2015 Rich List
Audi TT Coupé
Audi TT Coupé
Shanghai Auto Show 2015
Shanghai Auto Show 2015
PM Narendra Modi in France
PM Narendra Modi in France
PM Modi`s Make in India push in Germany
PM Modi`s Make in India push in Germany

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved