BHEL's Growth Momentum continues; Turnover Triples and Net Profit Quadruples in 5 years;

BHEL's Growth Momentum continues; Turnover Triples and Net Profit Quadruples in 5 years; Dividend enhanced to 233 per cent; Manufacturing capacity enhanced to 15,000 MW per annum

In fiscal 2009-10, Bharat Heavy Electricals Limited (BHEL) further built on the growth momentum achieved in the year before, with a top line growth of 22% and an all-time high Turnover of Rs.34,154 Crore. The company also recorded a quantum jump of 37% in its Net Profit (PAT) which was also the highest-ever at Rs.4,311 Crore. Notably, BHEL’s turnover has increased by three times and net profit by four times in the last five years. This was disclosed by Mr. B. Prasada Rao, Chairman & Managing Director, BHEL at the 46th Annual General Meeting of the company, here today.

Addressing shareholders, Mr. Rao said that BHEL recorded a 33% surge in Economic Value Addition (EVA), which went up to Rs.2,670 Crore from Rs.2,008 Crore in the year before. A total dividend of Rs.1,141 Crore – the highest ever, has been declared for 2009-10, which is 233% of the paid-up capital (including an interim dividend of 110%) as against 170% paid for 2008-09.

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