Bharat Heavy Electricals Limited (Bhel) has paid a final equity dividend of 31% for fiscal 2014-15. In value terms, the total dividend paid for fiscal 2014-15 amounts to Rs 284 Crore, which is 58% of the paid-up capital (including an interim dividend of 27%). With this, the company has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly since 1976-77.
A cheque of Rs 95.7 crore towards the final dividend for the year 2014-15 on the equity (63.06%) held by the Government of India, was presented here to Anant Geete, Hon’ble Union Minister for Heavy Industries and Public Enterprises by B Prasada Rao, Chairman and Managing Director, <g data-gr-id="18">Bhel</g>, in the presence of R S Katoch, Secretary, Department of Heavy Industry. Directors on the board of <g data-gr-id="19">Bhel</g> as well as other senior officials of the Ministry of Heavy Industries & Public Enterprises and Bhel were also present on this occasion.
In spite of fiscal 2014-15 being an extremely challenging year, <g data-gr-id="16">Bhel</g> secured orders worth Rs 30,814 Crore, an increase of 10% over the previous year, in intensely competitive domestic and overseas markets. Despite severe market shrinkage and stiff competition in the power sector, <g data-gr-id="17">Bhel</g> maintained its leadership position with a market share of 72% for the second consecutive year.
By expanding its offerings, the company secured 89% of its total orders in the power sector on EPC (Engineering, Procurement & Construction) basis. At the end of the year total orders in hand for execution in 2015-16 and beyond, stand at Rs 1,01,018 crore.