For The Financial Year 2017-18, BHEL Pays 40% Interim Dividend
On Wednesday, the state-run power equipment-maker BHEL stated that the company has paid 40 per cent interim dividend on enhanced equity, capital post-bonus. For the financial year 2017-18, 40 per cent interim dividend was paid by the company. In terms of value, the company has paid the dividend of Rs 293.71 crore. By paying this huge amount, BHEL has also maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly for over four decades. This was stated by the senior officers of BHEL.
For the year 2017-18, the cheque of Rs 185.21 crore towards the interim dividend for on the equity held by the Government of India. The cheque was presented to Anant G Geete, Minister of Heavy Industries & Public Enterprises as well as Babul Supriyo, Minister of State for Heavy Industries & Public Enterprises. The cheque was presented by Atul Sobti, who is Chairman and Managing Director of BHEL. On this occasion, all the directors on the board of BHEL as well as the senior ministry officials were also present.
BHEL has reported a surge in profitability up to the third quarter of 2017-18 by accelerating its growth momentum. The company has implemented some cautious strategies of faster execution and thus as a result, this growth can be seen. Apart from some cautious strategies, the company also implemented resource optimization measures as well as concerted efforts for revival of stranded projects. You can easily see the consequences in the results. The Chairman and Managing Director of BHEL also went on saying that the next wave of growth will be engineered by enhancing the order book in the diversified as well as conventional areas.
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