Jayant Kawale has been appointed as the Managing Director of Indiabulls Power Ltd.
Kawale is an ex- IAS Officer of 1981 batch of Maharashtra cadre with an extensive leadership experience in the power sector, the company said in a statement today.
He has served as Secretary, Energy in Government of Maharashtra and as Joint Secretary, Ministry of Power, Government of India.
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BHEL pays Rs 234.60 crore dividend to govt * State-owned BHEL has paid a final equity dividend of Rs 234.60 crore for the 2013-14 on the 67.72 per cent equity held by the government.
"A cheque of Rs 234.60 crore towards the final dividend, was given by the company, for the year 2013-14 on the equity held by the government," BHEL said in a statement.
The cheque was presented here to Anant Geete, Union Minister for Heavy Industries and Public Enterprises by Chairman and Managing Director, B Prasada Rao BHEL.
BHEL achieved a turnover of Rs 40,338 crore and a net profit of Rs 3,461 crore during 2013-14.
Shares of the company closed at Rs 199.65, down 0.65 per cent on the BSE.
