BHEL pays highest-ever interim dividend of 125 pc

New Delhi, Feb 27 (UNI) Bharat Heavy Electricals Limited (BHEL) today paid an interim dividend of 125 per cent for 2006-07, the highest-ever.

A cheque for Rs 207.19 crore was presented to Heavy Industries Minister Santosh Mohan Dev by company CMD A K Puri here.

While the company's net sales from operations (nine months) has risen by 33.8 per cent at Rs 10,318 crore, profit after tax has catapulted by nearly 56 per cent, at Rs 1,264 crore.

BHEL is now poised to introduce 800 MW thermal sets with super critical parameters. It has equipped itself to produce thermal power equipment for 800 MW sets and above suited to Indian conditions.

In addition, the company is shoring up its capability for higher rating hydro sets and advanced class gas turbines to cater to upcoming market requirements.

UNI