Bharat Heavy Electricals ltd. pays all-time high 136% Interim Dividend for fiscal 2011-12
New Delhi, March 19: Bharat Heavy Electricals Limited (BHEL) has declared an interim dividend of 136% on the enhanced equity capital post-bonus, for fiscal 2011-12 as against 132.5% paid in the year before. At Rs.665.75 Crore, this is the highest-ever interim dividend in perentage as well as value terms declared by the company so far.
With this, the company has maintained its impeccable track record of earning profits and rewarding investors by paying dividends uninterruptedly for over three decades without a break.
A cheque of Rs.450.85 Crore towards the interim dividend for the year 2011-12 on the equity (67.72%) held by the Government of India, was presented here today to Praful Patel, Minister for Heavy Industries and Public Enterprises by B.P. Rao, Chairman and Managing Director, BHEL, in the presence of S. Sundareshan, Secretary, Department of Heavy Industries.
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.