Financial Daily from THE HINDU group of publications
Friday, Sep 30, 2005
Financial Daily from THE HINDU group of publications Friday, Sep 30, 2005 |
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Corporate
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Performance BHEL net up 45 pc, to pay 80 pc Our Bureau
New Delhi , Sept. 29 EQUIPMENT major Bharat Heavy Electricals Ltd (BHEL) on Thursday announced a dividend of 80 per cent after posting a 45 per cent growth in net profit at Rs 953 crore during 2004-05. The PSU has notched an all-time high turnover of Rs 10,336 crore in 2004-05, the BHEL Chairman and Managing Director, Mr A.K. Puri, said at the 41st annual general meeting of the company. "BHEL once again posted a sterling performance, notching up the highest growth rate achieved in the last two decades, besides sizeable gains in all areas of its activity and reaffirming its commitment to brightening lives and powering progress," Mr Puri said while addressing shareholders. In line with its commitment to enhance stakeholder value, BHEL recorded a surge in economic value addition (EVA), which catapulted to Rs 504 crore from Rs 366 crore in the year before, he said. With an all-time high order book of over Rs 32,000 crore at the close of the financial year, the company expects to achieve healthy top and bottom line growth in 2005-06 and beyond, Mr Puri said.
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