Business Daily from THE HINDU group of publications
Sunday, Sep 30, 2007
ePaper
Business Daily from THE HINDU group of publications Sunday, Sep 30, 2007 ePaper |
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Corporate
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Dividend Announcement
Our Bureau New Delhi, Sept 29 Bharat Heavy Electricals Ltd (BHEL) has paid a final dividend of Rs 406 crore to the Centre for 2006-07. Of the total amount, Rs 207.2 crore has already been paid to the Government as interim dividend. The BHEL Chairman and Managing Director, Mr Ashok K. Puri, on Saturday handed over a cheque of Rs 198.9 crore to the Union Minister for Heavy Industries and Public Sector Enterprises, Mr Sontosh Mohan Dev. The company declared an overall dividend of Rs 600 crore to its shareholders. “This is the highest-ever dividend at 245 per cent of equity we have paid. The Government has 67.72 per cent equity holding in the company and its share of dividend for 2006-07 stands at Rs 406 crore,” Mr Puri told reporters here. The company posted a 44 per cent rise in net profit at Rs 2,415 crore in 2006-07. Its turnover rose 29 per cent to Rs 18,739 crore during the year. More Stories on : Dividend Announcement | Electrical Goods | Bharat Heavy Electricals Ltd
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