Business Daily from THE HINDU group of publications
Saturday, Sep 16, 2006

Cross Currency

Group Sites

Home Page - Electrical Goods
Corporate - Dividend Announcement
Get Latest BSE Quote
BHEL to pay 145 pc dividend

Our Bureau

New Delhi , Sept. 15

Bharat Heavy Electricals Ltd (BHEL) has announced an all-time high dividend payout of 145 per cent of its equity share capital for 2005-06, beating the previous high of 80 per cent announced for 2004-05.

The company's turnover for the last fiscal stood at Rs 14,525 crore, while the company's net profit was at Rs 1,679 crore, according to audited figures announced by the company at its 42nd AGM on Friday.

The board of directors at its meeting on May 31 this year had recommended a final dividend of 20 per cent of the company's equity for 2005-06, making it a total dividend of 145 per cent, including an interim dividend of 40 per cent and special dividend of 85 per cent paid earlier during the year.

The total outgo on account of the dividend payout for the company is around Rs 355 crore, which is about 21 per cent of the net profit for the fiscal. The Union Government is the major beneficiary by virtue of its 67.72 per cent holding in the equipment major.

"With a comfortable order book position of Rs 37,600 crore, at the close of the financial year, the company expects to achieve a healthy top and bottomline growth in 2006-07 and beyond," the BHEL CMD, Mr A.K. Puri, said addressing shareholders at the AGM.

Related Stories:
BHEL Q4 net up 62 pc
BHEL net up 78 pc in Q3

More Stories on : Electrical Goods | Dividend Announcement | Bharat Heavy Electricals Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Rainfall figures slip back into negative territory

International roaming to attract service tax
Reliance seeks spectrum for 3G trials
Kharif grains, oilseed output may fall this year
Decline in energy prices pegs inflation lower
NELP-VI attracts 165 bids from global, domestic majors
Tyre companies may roll back prices
BHEL to pay 145 pc dividend
Need to address wage inflation in sector: TCS
`Most banks unsure of services cost'
Raters yet to standardise norms for hybrids
Coffee output likely to exceed 2.74 lakh tonnes
Sensex closes above 12k level
Ashok Leyland turns active
Vimta Lab: Betting on clinical reference
Three PSBs ink pact for strategic collaboration
Govt plans to earmark 2.5 Ghz for Wi-Max
Highway development programme hits a dead-end

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line