BHEL to consider interim dividend

Bharat Heavy Electricals (BHEL), a state-owned capital goods company, has said that its board will meet on 15 March to consider interim dividend for the financial year 2010-11.

The company has fixed 21 March as the record date to ascertain the names of the shareholders.

The company had paid a last dividend of Rs 12.30 a share as a final dividend in September last year. The last interim dividend was of Rs 11 a share in February last year.

BHEL had posted a net profit of Rs 1,403.20 crore for the quarter ended 31 December. This was a rise of 31% against its previous corresponding profit of Rs 1,072.59 crore.

On the Bombay Stock Exchange, the shares of the company were trading at Rs 2,087.95, down 1.81% at IST 1520.