With a final dividend
payout of 184%, Bharat Heavy Electricals Limited (BHEL) has paid an
equity dividend of 320% for fiscal 2011-12, as against 311.5% paid in
the year before. At Rs.1,567 Crore, this is the highest-ever dividend in
percentage as well as value terms paid by the company so far.
A cheque of Rs.609.98 Crore towards the final dividend for the year
2011-12 on the equity (67.72%) held by the Government of India, was
presented here today to Mr. Praful Patel, Union Minister for Heavy
Industries and Public Enterprises by Mr. B.P. Rao, Chairman and Managing
Director, BHEL, in the presence of Mr. S. Sundareshan, Secretary,
Department of Heavy Industries.
In fiscal 2011-12, BHEL maintained the growth momentum achieved in the
year before, with a top line growth of 20% and an all-time high Turnover
of Rs.49,510 Crore. The company also recorded a quantum jump of 24% in
its Profit After Tax (PAT) which was also the highest-ever at Rs.7,040
Crore. Significantly, with this BHEL has become eligible for ‘Maharatna’
BHEL recorded a 26% surge in Net Worth, which went up to Rs.25,373 Crore
from Rs.20,154 Crore in the year before. Earnings Per Share (EPS) on the
post split number of shares basis went up by 24% to Rs.28.76.
With an order book position of nearly Rs.1,33,000 Crore at the end of
the first quarter, the company expects to achieve robust growth in
2012-13 and beyond. The company has also established the capability to
deliver power plant equipment of 20,000 MW per annum.