Did BHEL Really Pay a Dividend Cheque of Over Rs 109 Crore to the Government?
Synopsis
Key Takeaways
- BHEL presented a dividend cheque of Rs 109 crore to the government.
- The payout reflects a 100% increase from the previous fiscal year.
- Union Minister H.D. Kumaraswamy emphasized BHEL's role in national development.
- BHEL reported a net profit of Rs 375 crore in Q2 FY26.
- Company aims to further initiatives like 'Aatmanirbhar Bharat'.
New Delhi, Dec 15 (NationPress) Bharat Heavy Electricals Limited (BHEL) has officially presented a dividend cheque exceeding Rs 109 crore to the government for the financial year 2024-25, as revealed on Monday.
This dividend for FY25, which was received by H.D. Kumaraswamy, the Union Minister of Heavy Industries and Steel, from BHEL representatives, signifies a remarkable 100% increase compared to the payout for the fiscal year 2023-24.
Meanwhile, the Union Minister praised BHEL for its significant contribution to the vision of 'Viksit Bharat' through vital initiatives of the Government of India.
As a prominent entity in heavy engineering and manufacturing, Kumaraswamy encouraged BHEL to further the goals of ‘Aatmanirbhar Bharat’ and ‘Make in India’.
With a total net profit of Rs 375 crore, BHEL turned profitable in the second quarter of the current financial year (Q2 FY26).
In contrast, the previous June quarter (Q1) saw the company reporting a net loss of Rs 455.5 crore. The net profit surged by over 250% year-on-year compared to Rs 106.15 crore recorded during the same quarter of the previous fiscal year.
Earlier in October, the National Small Industries Corporation Limited (NSIC), a Mini Ratna entity under the Ministry of MSME, distributed a dividend of Rs 43.89 crore to the Government of India for the financial year 2024-25.
Union Minister Jitan Ram Manjhi and Sushri Shobha Karandlaje, Minister of State for the Ministry of MSME, received the dividend cheque from Subhransu Sekhar Acharya, CMD of NSIC.
Furthermore, Mini Ratna company HLL Lifecare Limited, under the Ministry of Health and Family Welfare, also contributed a record dividend of Rs 69.53 crore to the government for FY25.
This cheque was presented to Health Minister JP Nadda by Dr. Anitha Thampi, Chairperson of HLL, in the presence of Anupriya Patel, Minister of State for Health and Family Welfare, along with other senior officials.