Financial Daily from THE HINDU group of publications
Friday, Dec 09, 2005
Financial Daily from THE HINDU group of publications Friday, Dec 09, 2005 |
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Corporate
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Announcements BHEL declares 40 pc interim Our Bureau
NEW DELHI: The State-owned Bharat Heavy Electricals Ltd (BHEL) on Thursday declared an all-time high interim dividend of 40 per cent for 2005-06, compared to 35 per cent last year. The board of directors has approved the payment of interim dividend at 40 per cent, that is Rs 4 per equity share, the company said in a statement. The company has informed the Bombay Stock Exchange that December 23 has been fixed as record date for payment of interim dividend, which will be paid on or after December 24. During 2004-05, BHEL had announced a net profit of Rs 953 crore on a turnover of Rs 10,336 crore. A total dividend of 80 per cent was paid by the company for 2004-05. The momentum of double digit growth, which has picked up during the current fiscal, has pushed up the profitability parameters in the first six months of 2005-06. The company has booked physical export orders worth Rs 1,175 crore, the statement added.
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