The Bharat Heavy Electricals limited (BHEl) has paid a final equity dividend of 39 per cent for fiscal 2016-17. With this, the total dividend paid during the year stands at 79 pe 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 here to Union Minister of Heavy Industries and Public Enterprises, Anant G Geete by the BHEl chairman and managing director Atul Sobti. The directors on the board of BHEl as well as other senior officials of the Ministry of Heavy Industries and Public Enterprises and BHEl were also among those present on the on this occasion.
According to BHEl officials, 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. With this, the company has maintained its track record of rewarding investors by paying dividends uninterruptedly for four decades without a break.