BHEL pays 40% dividend to shareholders for 2016-17
NEW DELHI: State-run power equipment maker BHEL today said it has paid an interim dividend of 40 per cent for 2016-17, which in value terms amounts to Rs 194.8 crore.
With this, it has maintained its impeccable track record of earning profits and rewarding investors by paying dividends uninterruptedly for four decades without a break, the company said in a statement.
According to the statement, a cheque of Rs 123.47 crore towards interim dividend for 2016-17 on the equity (63.06 per cent) held by the central government was presented to Heavy Industries Minister Anant Geete by BHEL CMD Atul Sobti here, in the presence of Heavy Industries Secretary Girish Shankar yesterday.
BHEL directors, as well as other senior officials of the ministry, were present.
With this, it has maintained its impeccable track record of earning profits and rewarding investors by paying dividends uninterruptedly for four decades without a break, the company said in a statement.
According to the statement, a cheque of Rs 123.47 crore towards interim dividend for 2016-17 on the equity (63.06 per cent) held by the central government was presented to Heavy Industries Minister Anant Geete by BHEL CMD Atul Sobti here, in the presence of Heavy Industries Secretary Girish Shankar yesterday.
BHEL directors, as well as other senior officials of the ministry, were present.
