BHEL pays Rs 298cr interim dividend to govt

Power equipment supplier Bharat Heavy Electricals (BHEL) today said it has paid an interim dividend of Rs 298 crore to the government for the year 2007-08.

The company paid a total interim dividend of Rs 441 crore, chairman and manging director K Ravi Kumar told reporters here. He presented a cheque of Rs 298 crore to Heavy Industries Minister Santosh Mohan Deb today. The government owns 67.72% equity in the firm.

BHEL recorded a net profit of Rs 1,749 crore in the first nine months of 2007-08 - a 38% growth over the corresponding period of the previous fiscal.

The company has enhanced its capacity to 10,000 Mw and aims to augment it to 15,000 Mw by December 2012.