BHEL pays dividend

GN Bureau | October 7, 2015


#Bharat Heavy Electricals Limited   #BHEL   #EPC   #PSU  


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 thegovernment, was presented in New Delhi to Anant Geete, minister for heavy industries and Public Enterprises by B Prasada Rao, chairman and managing director, BHEL, in the presence of Dr. R.S. Katoch, Secretary, Department of Heavy Industry.

Directors on the board of BHEL as well as other senior officials of the ministry of heavy industries & public enterprises and BHEL were also present on this occasion.

Meanwhile, being an extremely challenging year, BHEL 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, BHEL 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. In a constrained business environment, the company demonstrated tremendous resilience and achieved a Turnover of Rs 30,947 Crore and a Net profit of Rs.1,419 crore during 2014-15.

Comments

 

Other News

Governance, development no longer govt’s agenda: Civil society

The civil society has strongly criticized the Narendra Modi government that completes three years in office. Citizens’ Report: Promises and Reality tha

Parody of the health mission

Improving the availability of health workers, particularly at the sub-centre level, has been one of the thrust areas of the national rural health mission (NRHM).  Back in 2005, most of the sub-centres in the country were run by a single auxiliary nurse midwife (ANM). ANMs were overbu

Should there be moderation of marks in Class XII board exams?

Should there be moderation of marks in Class XII board exams?

PSUs must be more disciplined: Anil Swarup

 Public sector undertakings (PSUs) can become more efficient only through discipline, said Anil Swarup, secretary, department of school education and literacy, ministry of human resource development. Speaking at the 2nd India PSU IT Forum organised by Governance Now on Wednesdaty, Swarup laid

Tejas Express: Not so tej

Tejas Express, a semi-high speed train, is supposed to run at 200 kmph. But, on its inaugural run between Mumbai to Karmali (Goa), it touched a maximum speed of 110 kmph. A few days before it was flagged off by railway minister Suresh Prabhu on May 22, Indian Railways claimed that the train can r

NHRC notice to Jharkhand over abduction of 1,000 kids

The National Human Rights Commission has issued a notice to the Jharkhand government and sought a report over 1,000 children being reportedly abducted and recruited by Maoists over the past few years.   The commission cited a news article and said that it brings forth the sta



Video

प्रभुनाथ सिंह को हत्याकांड में उम्रकैद की सजा

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter