BHEl maintains its track record
Bharat Heavy Electricals limited (BHEl) has paid a final equity dividend of 39 per cent for the fiscal year 2016-17. With this, the total dividend paid during the year stands at 79 per cent, including an interim dividend of 40 per cent, paid earlier.
A cheque of Rs 120.39 crore towards the final dividend for the year 2016-17 on the equity (63.06 per cent) held by the Government of India, was presented to Anant G Geete, Union Minister of Heavy Industries and Public Enterprises by Atul Sobti, Chairman and Managing Director, BHEl.
Significantly, not only is this four times the dividend paid in the previous year but also the highest dividend to be paid by the company in the last three years. In value terms, the total dividend for fiscal 2016-17 amounts to Rs 386.72 crore.
S Ramesh, Chairman, Indraprastha Gas limited (IGl), addressing the shareholders on the occasion of 18th Annual General Meeting of IGl in the presence of E S Ranganathan, Managing Director, V Nagarajan, Director (Commercial) and other directors on the board of IGl.
Annual meet of POWERGRID
Power Grid Corporation of India limited (POWERGRID) organised its 28th Annual General Meeting. On this occasion, IS Jha, Chairman and Managing Director addressed the stakeholders and apprised them of the latest developments and future plans of the company.
Dandiya night
Airports Authority of India Officers Institute(AAIOI) in association with Kalyanmayee, the Women Welfare Association of AAI organised a cultural event Non-stop Dandiya recently for AAI family and friends.
The event started with the aarti of goddess Durga followed by joyous Dandiya night full of dance and enjoyment. Families and friends of AAI clad in colourful traditional costumes celebrated the night with utmost devotion and enthusiasm.
lIC completes 61 years
VK Sharma, Chairman, lIC of India, presented the Valuation Surplus Cheque of Rs 2206.70 crore to Arun Jaitley, Union Finance Minister as the Government of India's share of the surplus arising out of the actuarial valuation.
After distributing 95 per cent of the surplus to policy holders as bonuses, the balance of 5 per cent amounting to Rs 2206.70 crore was the share of the Government.
The Corporation has completed 61 years of its incorporation. lIC manages Assets worth more than Rs 25.72 lakh crore and had Annual Income of Rs 4.92 lakh crore in the year 2016-2017. It has increased its market share from 70.44 per cent to 71.07 per cent in the last financial year.
11th Delhi International Arts Festival begins
India’s biggest art and cultural festival – 11th Delhi International Arts Festival had its soft launch. The theme for the night was ‘we support culture.’ A number of eminent faces from the art, culture, corporate and political fraternity gathered. Prathibha Prahlad, Festival Director spoke on the occasion and said that the urgent necessity is for everyone to become a cultural transmitter. Culture unites and forms lasting friendships between people and countries, she reiterated.Prathibha Prahalad’s choreography Vande Mataram, a unique multi-style classical dance performance that salutes the feminine energy was much applauded by the elite audience.