Bhel Pays all-time high dividend for 2006-07

Bharat Heavy Electricals Limited (BHEL) has paid the highest-ever interim dividend of 125 per cent to the Government for the year 2006-07, maintaining its track record of paying dividends uninterruptedly for the last 31 years. A cheque of Rs.207.19 crore for the payment of the interim dividend on the equity(67.72%) held by the Government was presented here today to Union Minister for Heavy Industries and Public Enterprises, Shri Sontosh Mohan Dev, by Shri A.K.Puri , CMD, BHEL.

While net sales/income from operations (nine months) has risen by 33.8 % at Rs.10,318 crore, Profit After Tax (PAT) has catapulted by nearly 56 %, at Rs.1,264 crore, reflecting BHEL’s sterling performance.

BHEL is now poised to introduce 800 MW thermal sets with Super Critical Parameters. BHEL has equipped itself to produce Thermal Power Equipment for 800 MW sets and above suited to Indian conditions. In addition, the Company is shoring up its capability for higher rating hydro sets and advanced class gas turbines to cater to upcoming market requirements.

Source : Press Information Bureau

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