BHEL pays 40% Interim Dividend for fiscal 2018-19

Sarkaritel
By Sarkaritel February 27, 2019 12:01

BHEL pays 40% Interim Dividend for fiscal 2018-19


New Delhi, February 27: Bharat Heavy Electricals Limited (BHEL) has paid an interim dividend of 40% for fiscal 2018-19. In value terms, this dividend paid amounts to Rs.279 Crore. With this, the company has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly for over four decades.

Significantly, with this BHEL has paid the highest total dividend in a single year, in the last five years.

A cheque of Rs.176 Crore towards the interim dividend for the year 2018-19 on the equity (63.17%) held by the Government of India, was presented here to Sh. Anant G. Geete, Hon’ble Union Minister of Heavy Industries and Public Enterprises by Sh. Atul Sobti, Chairman and Managing Director, BHEL, in the presence of Dr. A.R. Sihag, Secretary, Department of Heavy Industry (DHI).

Directors on the board of BHEL and senior officials of the Ministry of HI&PE were also present on this occasion.

Sarkaritel
By Sarkaritel February 27, 2019 12:01