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BHEL pays Rs 450.85 crore interim dividend to govt for fiscal 2011-12

19 Mar 2012 Evaluate

Bharat Heavy Electricals (BHEL) has paid a cheque of Rs 450.85 crore to the Government of India towards interim dividend for the year 2011-12 on 67.72% equity held by it. The company has declared an interim dividend of 136% for fiscal 2011-12 as against 132.5% paid a year ago. This is the highest-ever interim dividend in percentage as well as value terms declared by the company so far.

BHEL has been committed to the nation’s power development programme and has reaffirmed its commitment to the Indian Power Sector by equipping itself by way of contemporary technology, state-of-the-art manufacturing facilities and skilled technical manpower. The company has established the capability to deliver 15,000 MW per annum and further augmentation to 20,000 MW per annum is underway.

With an order book position of over Rs 146,500 crore, at the end of the third quarter, the company expects to achieve robust growth in 2011-12 and beyond.

The company has posted a marginal rise of 2.09% in its net profit of Rs 1432.61 crore for the quarter ended December 31, 2011 as compared to Rs 1403.23 crore for the same quarter in the previous year. Total income has increased by 19.21% from Rs 9176.26 crore for Q3FY11 to Rs 10939.10 crore in the quarter under review.

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316.70 7.65 (2.48%)
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