PSU NEWS
BHEL pays Final Dividend for fiscal 2015-16
New Delhi. Bharat Heavy Electricals Limited (BHEL) has paid a final equity dividend of 20% for fiscal 2015-16. In value terms, the total dividend paid for fiscal 2014-15 amounts to Rs.98 Crore. With this, the company has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly since 1976-77.
A cheque of Rs.61.7 Crore towards the final dividend for the year 2015-16 on the equity (63.06%) held by the Government of India, was presented here to Anant G. Geete, Union Minister of Heavy Industries and Public Enterprises by Atul Sobti, Chairman and Managing Director, BHEL, in the presence of Sh. Babul Supriyo, Minister of State forHeavy Industries and Public Enterprises. Functional Directors on the board of BHEL as well as other senior officials of the Ministry of Heavy Industries & Public Enterprises and BHEL were also present on this occasion.
Read Also : ERES-XXXIX incorporated as wholly subsidiary of REC Power Development& consultancy Limited
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC