Board of this Maharatna company sets record date for final dividend

Today the Company in a regulatory filing said today that “In accordance with our communication dated 21.05.2022 and Rule 42 of SEBI (Listing and Disclosure Requirements) Regulations, 2015, it is informed that the Company has scheduled on Friday, 16 September , 2022 for the purpose of determining the eligibility of members to receive a final dividend of Rs.0.40 per share (ie 20% on the paid-up equity share capital) for the year 2021-22 {(as on the “record date”) if the members If the dividend is approved in the ensuing 58th Annual General Meeting (to be held on 29th September, 2022), the dividend shall be paid within 30 days from the date of declaration i.e. on or before 28th October, 2022.

Today, BHEL and Rail Vikas Nigam Limited (RVNL) signed a Memorandum of Understanding (MoU) to collaborate on infrastructure and project execution in India and internationally. This will open the door to collaboration with the Government of India’s “Atmanirbhar Bharat Abhiyan” in both current and future areas of operations.

Shares of Bharat Heavy Electricals Limited closed today 58.00 each, up 0.96% from previous close 57.45 per share. In the last 1 year, the stock has gained 7.01%, but on YTD basis, the stock has fallen 4.45% so far in 2022. On NSE, the stock had touched a 52-week high. (13-Oct-2021) at 80.35 and 52-week low of At 41.40 (20-Jun-2022) it shows that at current price levels, the stock is trading 27.81% below the high or discounting the 52-week high and 40.09 above the low.

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