Friday, March 21, 2008

BHEL pays Rs 298 crore interim dividend to government

Power equipment supplier BHEL said on Friday that it has paid an interim dividend of Rs 298 crore to the government for the year 2007-08. The company paid a total interim dividend of Rs 441 crore, which is 90 per cent of its enhanced equity ca pital post-bonus, to its shareholders in FY08, said BHEL Chairman and Manging Director Mr K Ravi Kumar here.

It presented a cheque of Rs 298 crore to the Heavy Industries Minister Mr Santosh Mohan Deb today. The government owns 67.72 per cent equity in the firm.

BHEL recorded a net profit of Rs 1,749 crore in the first nine months of 2007-08, a 38 per cent growth over the corresponding period previous year. The company has enhanced its capacity to 10,000 MW and aims to further augmenting it to 15,000 MW by December 2012.

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