BHEL offers 1 Bonus Share for 2 existing shares for last fiscal
Published: Sep 25, 2017
By TIOLCORP News Service
NEW DELHI, SEPT 25, 2017: BHEL is one of the few PSUs which attained double-digit growth last fiscal. It has also paid an interim dividend of 40%, maintaining the track record of paying dividends uninterruptedly since 1976-77. In addition, the company has recommended a final dividend of 39%. With this, the total dividend for the year 2016-17 would stand at 79%.
Continuing its endeavour of consistently rewarding investors, the company has also recommended issue of bonus shares in the ratio of 1 bonus share for every 2 existing shares. Enhanced focus on expeditious project execution has resulted in BHEL achieving a capacity addition of 45,274 MW during the 12th Five Year Plan period (2012-17), surpassing the target of 41,661 MW set by the government for BHEL, by 9%. BHEL continues to remain the single largest contributor to the country's power generation capacity addition. BHEL has commissioned 15 Steam Generators and 13 Turbine Generators- supercritical sets till date. The company also commissioned its single largest 50 MW Solar PV power plant at NTPC Ananthpur.
Another significant achievement of the year was the successful commissioning of all the three units of the prestigious 3x14 MW Salma hydropower project (Afghan India Friendship Dam) in Afghanistan, overcoming major security concerns and immense logistic barriers. With this, the company marked a major milestone in the ‘Make in India' initiative. With its innovation-led growth strategy, the company continues to rank among the highest R&D spenders in the country in the engineering and manufacturing segment with an R&D investment of over 2.5% of its turnover. The R&D efforts of the company are aimed at improving the efficiency of existing products and developing new products, relevant to the needs of the country both in terms of technology & features vis-à-vis global benchmarks. During the year, BHEL filed the highest-ever 508 patents and copyrights.
Looking to the future, BHEL is building a more diversified portfolio capitalizing on emerging opportunities in solar power, transportation, defence, aerospace and water business to increase the share of business from non-coal areas. Manufacturing capacity for solar cells and solar modules has been expanded to 105 MW and 226 MW per annum respectively. Continuing with the strategy of building capacity and capability through in-house resources, and collaboration with global technology leaders, the company has recently entered into a technology collaboration agreement with Kawasaki Heavy Industries Ltd., Japan for the manufacture of stainless steel coaches and bogies for Metro Rail.
