BEL hands over second interim dividend cheque of Rs 174.43 crore to Rajnath Singh

by Editorial

Bharat Electronics Ltd (BEL), a Navratna Defence PSU, has paid second interim dividend of 140% on its paid-up capital to the Government of India for financial year 2020-21. Chairman & Managing Director of BEL M.V. Gowtama, presented the second interim dividend cheque of Rs 174,43,63,569.20, payable on the shares held by the President of India, to Rajnath Singh at New Delhi. Secretary, Defence Production, Raj Kumar was also present on the occasion.

BEL has declared 140% percent as second 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 Interim Dividend. BEL has paid a total dividend of 280% on its paid-up capital for the financial year 2019 – 20.

GRSE PAYS INTERIM DIVIDEND CHEQUE OF RS 32.85 CRORE FOR FY 2020-21

Defence Public Sector Undertaking (DPSU) Mini Ratna shipyard, Garden Reach Shipbuilders & Engineers Limited (GRSE), has paid interim dividend of Rs 44.10 crore for Financial Year (FY) 2020-2021 to its shareholders. Interim dividend cheque of Rs 32,85,63,774 as the share of Government was handed over to Raksha Mantri Rajnath Singh by Chairman & Managing Director of GRSE, Kolkata Rear Admiral V K Saxena, IN (Retd) in New Delhi, in presence of secretary- Defence production Raj Kumar was also present on the occasion.

Notwithstanding the impact of Covid-19 pandemic, the GRSE has declared an interim dividend of Rs 3.85 per equity share of Rs 10 for FY 2020-2021. The DPSU has been consistent in paying dividend to the shareholders and has done so every year for the last 27 years. Since its inception in 1960, the GRSE has the distinction of being the only defence shipyard to have delivered more than 100 warships (107 warships as on date). The shipyard has an order book position which stands at Rs 25,887 crore as on December 31, 2020.

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