MoD | BEL pays interim dividend of over 174 Cr

Bharat Electronics Ltd pays interim dividend of over Rs 174 crore
Bharat Electronics Ltd pays interim dividend of over Rs 174 crore

PIB News Update: Raksha Mantri Shri Rajnath Singh received a cheque of Rs 174.43 crore as interim dividend from Bharat Electronics Ltd (BEL), a Defence Public Sector Undertaking (DPSU), here today. Chairman and Managing Director of BEL Shri M V Gowtama presented the cheque to the Raksha Mantri.

The BEL has declared 140 per cent interim dividend (Rs 1.40/- per share of Re one face value) to its shareholders for the financial year 2019-20. It pertains to the Government holding in the DPSU. This is the 16th consecutive year that BEL has paid interim dividend. It has paid a total dividend of 340 per cent on its paid-up capital for the financial year 2018-19. Government of India holds 51.13 per cent equity in the DPSU.

Secretary (Defence Production) Shri Raj Kumar and other senior officials from Ministry of Defence & the DPSU were also present on the occasion.

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