BHEL declares 91% dividend for FY18

BHEL booked orders worth Rs 40,932 crore in 2017-18, registering 74 per cent jump from the previous financial year, its Chairman and Managing Director Atul Sobti said Wednesday. BHEL secured all orders for main packages of thermal power projects during 2017-18. "With this, the company has ended the year with a total order book of over Rs 1,18,000 crore - the highest in the last five years," said Sobti in the company's Annual General Meeting. Addressing the shareholders, Sobti said in 2017-18 the company achieved a profit before tax (PBT) of Rs 1,585 crore, compared to Rs 628 crore in 2016-17, registering a surge of 152 per cent. Profit After Tax (PAT) for the year jumped 63 per cent at Rs 807 crore, against Rs 496 crore in the previous fiscal. He further said that maintaining the trend of topline (sales) growth for the second consecutive year, BHEL has recorded a turnover of Rs 27,850 crore, as against Rs 27,740 crore in the previous year. Consequently, a total dividend of 91 per cent has been declared on the enhanced equity share capital post bonus for 2017-18. Notably, this is the highest dividend paid by the company in the last four years, he added. ref: https://economictimes.indiatimes.com/markets/stocks/news/bhel-declares-91-dividend-for-fy18/articleshow/65875216.cms