BHEL pays dividend on enhanced equity capital to government

BHEL reports a surge in profitability up to the third quarter of FY 2017-18

GN Bureau | March 6, 2018


#BHEL   #PSU  

Bharat Heavy Electricals Limited has paid an interim dividend of 40 percent which amounts to Rs 293.71 crore on the enhanced equity capital for 2017-18.

With this, BHEL has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly for over four decades.

A cheque of Rs 185.21 crore towards the interim dividend for the year 2017-18 on the equity (63.06 per cent) held by the union government, was presented here to minister of heavy industries & public enterprises, Anant G Geete and minister of state for heavy industries & public enterprises, Babul Supriyo.

Accelerating its growth momentum, BHEL has reported a surge in profitability up to the third quarter of FY 2017-18. Prudent strategies of faster execution and resource optimisation measures, concerted efforts for revival of stranded projects, have begun reflecting in the results. The next wave of growth will be engineered by enhancing the order book in the diversified as well as conventional areas.
 

Comments

 

Other News

Thackeray orders probe in Nashik Hospital gas leak tragedy

The Maharashtra government has ordered a probe into the tragic incident of oxygen leak at the Zakir Hussain Hospital in Nashik district, in which 24 Covid-19 patients on critical life support have died. Chief Minister, Uddhav Thackeray expressed grief over the tragic incident and announced

"Maharashtra opposition interested in politics, not public welfare”

Refuting any political instability in the state, Jayant Patil, Maharashtra cabinet minister and state president of Nationalist Congress Party (NCP), has said the government is very stable and there are no differences among allies. The senior leader accused the opposition of ‘playing po

In Mumbai, decline seems to have begun

Amid a virulent second wave, as Mumbai scrambles for hospital beds, the civic authorities have said there was no need for panic since 3,685 beds were still available in the city for Covid-19 patients as of Tuesday evening. Also, after a surge there has been a decline with new cases coming down to 7,000-8,0

UP govt hospital goofs up Covid test results

At a time when the country is fighting the virulent second wave of Covid-19 with daily cases upwards of 2,50,000, testing is of critical importance, but government-run labs are not only delaying reports, in one case there was a goof-up and a negative report turned to positive within a day. A

Politicians trade charges as Covid breaks previous records in Maharashtra

A political war erupted between the centre and Maharashtra over supply of essentials including medicines and oxygen as the state struggles to control the raging Covid-19 amidst scarce health infrastructure. Maharashtra has seen a consistent rise in Covid infections and recorded 67,123 new c

Remdesivir procured at high prices to save lives: BMC

Countering the opposition BJP’s allegations of corruption in the procurement of Remdesivir, a critical anti-viral injection often prescribed for Covid-19 patients, the BrihanMumbai municipal corporation (BMC) has clarified that its decision to procure the drug was aimed at saving  lives even if

Masterminds Masterclass with Nikhil Mahadeshwar, Cybersecurity Expert & Co-founder, Skynet Softtech



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter