Tuesday 9 October 2012

BHEL Pays All-Time High Equity Dividend

New Delhi:(Page3 News Network)-With a final dividend payout of 184%, Bharat Heavy Electricals Limited (BHEL) has paid an equity dividend of 320% for fiscal 2011-12, as against 311.5% paid in the year
before. At Rs.1,567 Crore, this is the highest-ever dividend in percentage as well as value terms paid by the company so far. 
A cheque of Rs.609.98 Crore towards the final dividend for the year 2011-12 on the equity (67.72%) held by the Government of India, was presented here today to Mr. Praful Patel, Union Minister for Heavy Industries and Public Enterprises by Mr. B.P. Rao, Chairman and Managing Director, BHEL, in the presence of Mr. S. Sundareshan, Secretary, Department of Heavy Industries. 
In fiscal 2011-12, BHEL maintained the growth momentum achieved in the year before, with a top line growth of 20% and an all-time high Turnover of Rs.49,510 Crore. The company also recorded a quantum jump of 24% in its Profit After Tax (PAT) which was also the highest-ever at Rs.7,040 Crore. Significantly, with this BHEL has become eligible for ‘Maharatna’ status. 
BHEL recorded a 26% surge in Net Worth, which went up to Rs.25,373 Crore from Rs.20,154 Crore in the year before. Earnings Per Share (EPS) on the post split number of shares basis went up by 24% to Rs.28.76. 
With an order book position of nearly Rs.1,33,000 Crore at the end of the first quarter, the company expects to achieve robust growth in 2012-13 and beyond. The company has also established the capability to deliver power plant equipment of 20,000 MW per annum. 

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