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BHEL pays highest ever dividend of Rs 1,567 crore

BHEL pays highest ever dividend of Rs 1,567 crore
With a final dividend payout of 184 per cent, Bharat Heavy Electricals Limited [BHEL] has paid an equity dividend of 320 per cent for fiscal 2011-12, as against 311.5 per cent paid in the year before. At Rs.1,567 crore, this is the highest-ever dividend in percentage as well as value terms paid by the company so far.

 With this, the company has maintained its unmatched track record of earning profits and rewarding investors by paying dividends uninterruptedly for over three decades without a break.  A cheque of Rs 609.98 crore towards the final dividend for the year 2011-12 on the equity  [67.72 per cent]  held  by  the government of India, was  presented here on Tuesday to Praful Patel,  union minister for  heavy  industries  and  public  enterprises by B P Rao, chairman and managing director, BHEL, in the presence of  S Sundareshan, secretary, department of heavy industries.

 Directors on the board of BHEL as well as other senior officials of the ministry of heavy industries and public enterprises and BHEL were also present on this occasion.  In  the fiscal 2011-12, despite difficult market conditions, BHEL maintained the growth momentum achieved in the year before, with a top line growth of 20 per cent and an all-time high turnover of Rs.49,510 crore. The company also recorded a quantum jump of 24 per cent in its profit after tax [PAT] which was also the highest-ever at Rs 7,040 crore. With this BHEL has become eligible for ‘Maharatna’ status.
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