GN Bureau | October 7, 2015
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.
The airports at Lucknow, Deoghar, Rajkot and Allahabad would be spruced up by Airports Authority of India to improve and develop infrastructure to meet growing traffic demands. The authority plans to construct a new integrated passenger terminal building at Chaudhary Charan Singh Internation
The Indian constitution states that “the state shall strive to promote the welfare of the people, protecting as effectively as it may a social order in which justice, social, economic and political for all.” It is on these basic values that India continues to endeavour to provide its people bas
Two path-breaking judgments by the Supreme Court on privacy and triple talaq were a reminder of how much we have begun to rely on the judiciary to make sense of a conflicted world. Seventy years after Independence, India’s judiciary has many accomplishments to its credit. A large judicial infrastruct
Maharatna enterprise Steel Authority of India Limited (SAIL) has said that it supplied 80 percent steel required for construction of the Sardar Sarovar Project unveiled by prime minister Narendra Modi. SAIL supplied around 85,000 tonnes of steel for the entire Sardar
College and university teachers all across the country seem too much worried about the policy shift with respect to their pay and regulations from centre to states. Therefore, they may be gearing up for an indefinite movement in the coming days, a situation that was built only during the previous regime of
After a long wait of almost half a century, filled with more twists and turns than the river Narmada’s, the Sardar Sarovar project is finally complete. Prime minister Narendra Modi dedicated the multipurpose project to the nation on Sunday, which also happened to be h