BHEL pays 40% interim dividend for FY19

BHEL said it has paid an interim dividend of 40 per cent for financial year 2018-19. This is the highest dividend paid by BHEL in a single year, in the last five years, the company said in a statement. "In value terms, this dividend amounts to Rs 279 crore," it said. The company said a cheque of Rs 176 crore towards the interim dividend for 2018-19 on the equity (63.17 per cent) held by the Government, was presented here to heavy industries minister Anant G Geete by BHEL Chairman and Managing Director Atul Sobti. ref: https://economictimes.indiatimes.com/markets/stocks/news/bhel-pays-40-interim-dividend-for-fy19/articleshow/68188076.cms

BHEL gets two significant orders from NPCIL

Against stiff competitive bidding, Bharat Heavy Electricals Limited (BHEL) has won two significant orders for Primary side heat exchangers from Nuclear Power Corporation of India Limited (NPCIL). Cumulatively valued at around Rs.97 Crore, the orders envisage manufacture and supply of four moderator Heat Exchangers and 18 D2O Heat Exchangers for the 2x700 MWe Pressurised Heavy Water Reactors (PHWRs) to be installed at Gorakhpur Haryana Anu Vidyut Pariyojna (GHAVP) in Fatehabad district of Haryana. The heat exchangers will be manufactured at BHEL’s Bhopal plant. BHEL has been a pioneer in the design and development of Primary side Products viz. Nuclear Steam Generators for NPCIL, and has so far supplied 40 Steam Generators for various Nuclear power installations in the country. Significantly, BHEL is the only Indian company associated with all the three stages of the Indian Nuclear Power Programme - the first stage PHWR, the second stage Fast Breeder Reactor (FBR) and the third stage Advanced Heavy Water Reactor (AHWR) and has been a partner for over four decades in the development of the indigenous Nuclear Power Programme since its inception. ref: https://www.dailypioneer.com/2019/state-editions/bhel-gets-two---significant-orders-from-npcil.html