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BHEL pays 98 cr dividend in FY16
Public sector Bharat Heavy Electricals Limited (BHEL) has paid a final equity dividend of 20 per cent for the fiscal 2015-16.
​Hyderabad: Public sector Bharat Heavy Electricals Limited (BHEL) has paid a final equity dividend of 20 per cent for the fiscal 2015-16. In value terms, the total dividend paid for fiscal 2015-16 amounts to Rs 98 crore. With this, the company has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly since 1976-77.
A cheque of Rs 61.7 Crore towards the final dividend for the year 2015-16 on the equity (63.06 per cent) held by the Government of India, was presented to Anant G Geete, Union Minister of Heavy Industries and Public Enterprises by Atul Sobti, Chairman and Managing Director, BHEL, in the presence of Babul Supriyo, Minister of State for Heavy Industries and Public Enterprises.
Functional 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.
In spite of the fiscal year 2015-16 being an extremely challenging year, BHEL has recorded the highest-ever commissioning of projects in its history and the highest order booking in the last five years, ending the last financial year with significant traction in growth drivers.
“Enhanced focus on project execution has resulted in BHEL creating history by way of commissioning/synchronising an all-time high 15,059 MW of power generating equipment during the year,” the public sector major said in a release.
