Bharat Heavy Electricals Limited (BHEL) on Friday paid an interim dividend of Rs. 298 crore to the Government for 2007-08.
The company paid a total interim dividend of Rs. 441 crore, which is 90 per cent of its enhanced equity capital post-bonus, to its shareholders during 2007-08, K. Ravi Kumar, Chairman and Managing Director, told newsmen after presenting the cheque.
The cheque for Rs. 298 crore was handed over to the Heavy Industries Minister, Santosh Mohan Deb, in his office. The Union Government owns 67.72 per cent equity in the firm.
BHEL recorded a net profit of Rs. 1,749 crore in the first nine months of 2007-08, a 38 per cent growth over the corresponding period in the previous year.
Friday, March 21, 2008
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