New Delhi: Navratna Defence PSU, Bharat Electronics Limited (BEL) has paid an interim dividend of 140 percent on its paid-up capital to the government for the current financial year (FY 2020-21). BEL’s Chairman and Managing Director (CMD) MV Gowtama presented the interim dividend cheque of Rs 174.4 crore payable on the shares held by the President of India, to Union Defence Minister Rajnath Singh in New Delhi on Monday. On the occasion, the senior officials from the Ministry of Defence and BEL were also present.
A cheque of Rs 174.43 crore was presented to Raksha Mantri by CMD, BEL today, as interim dividend to the Government of India. pic.twitter.com/uCrVXAgaJa
— ????? ?????? ????????/ RMO India (@DefenceMinIndia) March 8, 2021
BEL has declared 140 percent per cent as an interim dividend (Rs 1.40/- per share) to its shareholders for the financial year 2020-21. This is the 18th consecutive year that BEL is paying the interim dividend. BEL has paid a total dividend of 280 percent on its paid-up capital for the financial year 2019-20. As of March 31, 2020, the authorised and paid-up capital of the company is Rs 250 crores and Rs 243.65 crores respectively.
ALSO READ: GSL pays an interim dividend of Rs 22.30 crore to Govt for FY 2020-21
Bharat Electronics Limited (BEL)
Bharat Electronics Limited (BEL) is Navratna under the administrative jurisdiction of the Department of Defence Production, Ministry of Defence. BEL has strategic business units operating in nine units across India with core competencies in areas of radars & weapon systems, sonars, communication, electronic warfare, electro-optics and tank electronics. In the non-defence sector, BEL’s product range includes electronic voting machine, tablet PCs, microcircuits, semiconductors, solar cells etc.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)