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

“The focus area is to minimise pendency, do more quality work”

The functioning of a national commission, be it NHRC, NCSC or NCST, depends on its head. Being the chief information commissioner (CIC), what is your vision for CIC?  And what has been your experience so far? The chief information commissioner and ten informa

CIC’s changing status quo

With the help of Right to Information (RTI), the common man not only has the right to know, but also the right to question those in power. This is the foundation of democracy,” said prime minister Narendra Modi at the tenth anniversary celebrations of the Central Information Commission (CIC)

Do you think the fiscal year should be from January to December?

Do you think the fiscal year should be from January to December?

Will Delhi see the highest ever turnout in the upcoming civic polls?

Historically, voter turnout for local elections has lagged behind state assembly elections and general elections.    For example, a recent report by Janaagraha shows that Surat recorded 40 percent voter turnout in local polls, 30 percent less than state elections

Women sensitized about their rights

 A group of women were sensitized about their rights at a workshop held in the national capital on Saturday. They were informed about the anti-harassment laws and legal provisions to safeguard women inside and outside their workplace.   The workshop – organ

AAP’s uncertain future, irony of being Advani, and an author seeks freedom of speech

The Narendra Modi- Arvind Kejriwal antagonism has always been about two different kinds of populism. While it may not play out in a municipal election, the fact remains that a Kejriwal chastened by Goa and Punjab faces a mid-term test in the municipal elections. For a politician harbouring intentions of



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter