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.