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

Paediatricians call for junking unhealthy food

As children are consuming more and more fast foods and sweetened beverages are becoming, leading to obesity and related non-communicable diseases (NCDs), the Indian Academy of Pediatrics (IAP) has come out with guidelines on such substances. The dietary guidelines under its nutrition chapter

Modi’s forward-looking I-Day speech lays down 5-year agenda

Contrast prime minister Narendra Modi’s first Independence Day speech in 2014 with his latest, the first in the second term, and you know the difference. His first speech was less about future and much about the basic needs like Swachch Bharat (clean India). His speech on Thursday, on the other hand,

Better cities require active citizen engagement

With Mumbai city battling myriad civic issues and annual flooding year after year, stakeholders and experts came together to discuss ways of dealing with these issues as community work. The discussion was held at the TEDxVersova Salon- Vibrant Civic Participation, an independent TED event organized by the

Independence Day: PM underlines new beginnings

Addressing the nation from the ramparts of the Red Fort for the first in his second term, prime minister Narendra Modi highlighted the new beginnings his government has made in recent days, and underlined the hopes of a new India in the making. “Things that could not happen in the past

Kashmir decision “sole prerogative of the country”

India has told China that the legislation changing the status of Jammu and Kashmir was “an internal matter. External affairs minister S Jaishankar, visiting China Monday, told foreign minister Wang Yi that the legislative measures were aimed at promoting better governance and socio-ec

To fight climate change, pay attention also to land

When considering climate change, one of the greatest threats before the humanity, discussions usually focus on air and water, but land too is affected by and in turn affects global warming as much as those two elements. A new report from the Intergovernmental Panel on Climate Change (IPCC), out early Augus



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter