BHEL Tiruchirappalli pays record dividend to Centre

The public sector Bharat Heavy Electricals Limited (BHEL) has paid a final equity dividend of 39 per cent for fiscal 2016. 17. With this, the total dividend paid during the year stands at 79 per cent, including an interim dividend of 90 per-cent paid earlier. A cheque of Rs.120.39 crore towards the final dividend for the year 2016-17 on the equity (63.06%) held by the Government of India, was presented here to Shri. Anant G. Geete, Union Minister of Heavy Industries and Public Enterprises by Shri. Atul Sobti, chairman and managing director, BHEL.

The directors on the board of BHEL as well as BHEL officials present dividend cheque to Union
Minister. other senior officials of the Ministry of Heavy Enterprises and BHEL were also present on this occasion. Significantly, not only is this amount four times the dividend paid in the previous year but also the highest dividend to be paid by the company in the last three years.

In value terms, the total dividend for fiscal 2016-17 17 amounts to 2386.72 crore. With this, the company has maintained its impeccable track record of rewarding investors by paying dividends
uninterruptedly for four decades without a break. A BHEL release said here on Wednesday

Source: Deccan Chroncile epaper - Trichy Edition.