Sunday, May 15, 2022

BEL pays second interim dividend of Rs 174 crore to the govt

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New Delhi: Bharat Electronics Limited (BEL), a Navratna Defence PSU, has paid the second interim dividend of 140 percent on its paid-up capital to the government for the current financial year (FY 2020-21). The board of directors of BEL, in its meeting held on March 16, have declared the second interim dividend at Rs 1.40/- per equity share of Rs 1/- each fully paid-up (140%) for the financial year 2020-21.

BEL’s Chairman & Managing Director (CMD) MV Gowtama presented the second interim dividend cheque of Rs 174.43 crore payable on the shares held by the government to Union Defence Minister Rajnath Singh at New Delhi on March 30.  BEL has declared a second interim dividend of 140 percent (Rs 1.40/- per share) to its shareholders for the financial year 2020-21.

This is the 18th consecutive year that BEL is paying an 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 crore and Rs 243.65 crore, respectively.

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Earlier on March 8, BEL had paid the first interim dividend of 140 percent on its paid-up capital to the government for the current financial year (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 and 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.

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