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BHEL bags award for fastest growing Maharatna

An independent jury unanimously selected BHEL for the award in the manufacturing category based on outstanding profit and Earnings Per Share growth
New Delhi: Bharat Heavy Electricals Limited (BHEL) has been awarded the Dalal Street Investment Journal (DSIJ) Award 2018 for the ‘Fastest Growing Maharatna of the year — Manufacturing,’ in the country. An independent jury unanimously selected BHEL for the award in the manufacturing category based on outstanding profit and Earnings Per Share (EPS) growth.

Quantum growth in profit

As a result of strategic initiatives, BHEL registered quantum growth in its profit and gained significant traction in growth drivers — diversification and technology. In the last three years, BHEL’s profit before tax has surged by three times while registering a consistent revenue growth.

BHEL retained 100% market share in thermal power equipment business

Prudent strategies of garnering higher market share in a shrunken and highly competitive business environment enabled BHEL to maintain its leadership position with 100 percent market share in the thermal power equipment business. The company also has recorded the highest-ever order booking in transportation and spares business.

Total dividend outflow for FY19 highest in 6 years

In the just concluded financial year 2018-19, the company’s net profit has soared by 50.7 percent, and Earnings Per Share have surged by 52.3 percent. Consequently, the company has declared an equity dividend of 100 percent (including an interim dividend paid earlier) for 2018-19, maintaining its impeccable track record of rewarding investors by paying dividends uninterruptedly for over four decades. Significantly, the total dividend outflow for the year 2018-19 shall be the highest during the last six years.