BHEL to pay 79% dividend for fiscal 2016-17

Bharat Heavy Electricals Ltd has proposed an equity dividend of 79% for fiscal 2016-17. In fiscal, 2016-17 BHEL has achieved double-digit growth in its topline and bounced back into profit. During the year, BHEL recorded a turnover of Rs 28,840 crore up 11% over the previous year- after reversing the trend of negative topline growth prevailing for the last 3 years. The company has also returned to profitability with a Profit before tax of Rs 628 crore compared to a loss of Rs 1164 crore in the last fiscal. PAT stood at Rs 496 crore, against a net loss of Rs 710 crore in the previous year. The stock traded in a positive territory at Rs 140.65 per share on BSE at 12:22 IST on Monday’s trade attracting a total traded quantity of 2.72 lakh. ref: http://www.indiainfoline.com/article/news-top-story/bhel-dividend-bhel-to-pay-79-dividend-for-fiscal-2016-17-117060500069_1.html