BHEL records sterling performance in 2009-10; All-time high Sales and Net Profit; 123 per cent Final Dividend declared

Bharat Heavy Electricals Limited (BHEL) has notched its highest-ever sales/income from operations of Rs.34,198 Crore in fiscal 2009-10, registering a growth of 21% over the previous year.

The company has also recorded an all-time high Net Profit (PAT) of Rs. 4,311 Crore, as against Rs.3,138 crore of last year - a quantum jump of 37%. A final equity dividend of 123% has been declared in addition to the interim equity dividend of 110% paid earlier for fiscal 2009-10, maintaining the track record of paying dividends uninterruptedly since 1976-77.

Earnings Per Share (EPS) for the year stand at Rs.88.39, an increase of 37% over that of 2008-09. With a highest-ever order book position of over Rs.1,43,000 Crore, at the end of the fiscal, the company expects to achieve robust growth in 2010-11 and beyond.

BHEL has been committed to the nation’s power development programme and has reaffirmed its commitment to the Indian Power Sector by equipping itself for the future, by way of contemporary technology, state-of-the-art manufacturing facilities and skilled technical manpower to meet the country’s demand for power plant equipment.