BHEL declares 35% interim dividend

Bangalore: Bharat Heavy Electricals Ltd (BHEL) has declared an interim dividend of 35 per cent for fiscal 2004-05. Last year, it declared a 30 per cent interim dividend.

In 2003-04, BHEL paid a total dividend of 60 per cent. During the first six months of the current fiscal, BHEL recorded a significant growth. Net sales/income from operations grew 12.69 per cent to touch Rs 3189.3 crore. The profit before tax grew 103.82 per cent and the profit after tax grew 101.93 per cent.

With cumulative orders of nearly Rs28,800 crore on hand, BHEL said it also expected to achieve a healthy top and bottom line growth during the current fiscal