State-owned Bharat Heavy Electricals Limited (BHEL) has paid a final dividend of Rs.88 crore for the year 2022-23 to the government of India. The Indian government holds 63.17% stake in BHEL. The total dividend paid to the company’s shareholders for FY 2022-23 amounts to over Rs.139 crore. Dividends are a form of reward that companies may choose to provide to their shareholders from a portion of their earnings. The revenue collection through dividends demonstrates the financial health and performance of these public sector companies, contributing to the government’s efforts to manage its fiscal situation effectively. In FY23, BHEL recorded revenue from operations of Rs.23,365 Crore, up 10% over the previous year. The company posted profit after tax (PAT) of Rs.448 crore with continued focus on cost control and prudent resource management. BHEL secured orders worth Rs.23,548 Crore (excluding taxes) during 2022-23 in its power, industry, and export segments, and the company ended the year with a total order book of over Rs.91,336 Crore (excluding taxes). BHEL share prices are up around 100% over the past one year.
BHEL Pays Final Dividend of Rs. 88 Crore to Govt of India
- October 6, 2023
TIS Staff
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