BHEL pays Rs 298 cr interim dividend to govt for FY08

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New Delhi, March 21: : Power equipment supplier BHEL on Friday said it has paid an interim dividend of Rs 298 crore to the government for the year 2007-08.

The company paid a total interim dividend of Rs 441 crore, which is 90 per cent of its enhanced equity capital post-bonus, to its shareholders in FY08, BHEL Chairman and Manging Director K Ravi Kumar said in New Delhi.

It presented a cheque of Rs 298 crore to Heavy Industries Minister Santosh Mohan Deb today. The government owns 67.72 per cent equity in the firm.

BHEL recorded a net profit of Rs 1,749 crore in the first nine months of 2007-08, a 38 per cent growth over the corresponding period previous year.