New Delhi: Navratna Defence Public Sector Undertaking (DPSU) Bharat Electronics Limited (BEL) has paid a total dividend of 400 percent on its paid-up capital to the government for Financial Year 2020-21. BEL’s Chairman & Managing Director (Additional Charge) Anandi Ramalingam presented the 120 percent final dividend cheque for Rs 149.52 crore, payable on the shares held by the President of India, to Union Defence Minister Rajnath Singh in New Delhi on Wednesday. The total dividend paid to the government stands at Rs 498.38 crore. There has been a 43 percent increase from FY 2019-20 despite the COVID-19 pandemic.
Earlier, the company had paid two interim dividends of Rs 174.43 crore each consisting of 140 percent on the face value of Rupee one per equity share in February and March 2021.
BEL had registered a turnover of about Rs 13,500 crore (Provisional & Unaudited) during the financial year 2020-21 against the turnover of Rs 12,608 crore in FY 2019-20, in spite of the challenges posed by the COVID-19 pandemic and intense competition in business.
(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)