BHEL on Friday announced a total 100 per cent dividend for its shareholders for 2018-19 financial year. Earlier, BHEL had paid 40 per cent interim dividend for 2018-19, which was Rs 279 crore in value terms. In the AGM held on Thursday, additional final dividend of 60 per cent was declared. “A total dividend of 100 per cent has been declared, maintaining BHEL’s impeccable track record of paying dividends uninterruptedly for over four decades,” a BHEL statement said.
Addressing shareholders, Chairman and MD Nalin Shinghal said during the year, the company achieved a profit before tax of Rs 2,058 crore, registering an increase of 30 per cent while the net profit (PAT) for the year stood at Rs 1,215 crore, an increase of 51 per cent over the previous fiscal.