BHEL pays all-time high equity dividend
New Delhi : Bharat Heavy Electricals Limited (BHEL) presented a cheque of nearly Rs.408 Crore towards the final dividend for the year 2009-10 on the equity (67.72%) held by the Government of India, to Vilasrao Deshmukh, Union Minister for Heavy Industries and Public Enterprises here on Friday.
With a final dividend payout of 123%, BHEL has paid an equity dividend of 233% on the enhanced equity capital post-bonus for fiscal 2009-10, as against 170% paid in the year before. This includes an interim dividend of 110% paid earlier. At Rs.1,141 Crore, this is the highest-ever dividend paid by the company so far.
In fiscal 2009-10, BHEL further built on the growth momentum achieved in the year before, with a top line growth of 22% and an all-time high Turnover of Rs.34,154 Crore. The company also recorded a quantum jump of 37% in its Net Profit which was also the highest-ever at Rs.4,311 Crore.
The company secured orders worth Rs.59,037 Crore in domestic and international markets. With an order book position of over Rs.1,44,000 Crore – the highest-ever both in physical as well as financial terms, at the close of the financial year, the company expects to achieve robust growth in 2010-11 and beyond.
