BHEL pays 233 per cent dividend for 2009-10 news

Navratna public sector enterprise Bharat Heavy Electricals Ltd (BHEL) has paid around Rs408 crore, which forms the final dividend payout of 123 per cent, towards dividend to the government for the year 2009-10.

With this, BHEL has paid an equity dividend of 233 per cent on the enhanced equity capital post-bonus for fiscal 2009-10, as against 170 per cent paid in the year before.

Government holds a 67.72 per cent equity in the electrical gear manufacturer.

BHEL chairman and managing director B P Rao presented the last of the dividend cheques to minister for heavy industries and public enterprises Vilasrao Deshmukh today.

ref:

http://www.domain-b.com/companies/companies_b/Bharat_Heavy_Electricals/20100924_turnover.html