BEL pays final dividend of Rs 224.28 crore to Govt

New Delhi: Navratna Defence PSU Bharat Electronics Limited (BEL) on October 25, 2023 paid final dividend for the financial year 2022-23. BEL's Chairman & Managing Director (Additional Charge) Bhanu Prakash Srivastava presented the 60 percent final dividend cheque of Rs 224.28 crore, payable on the shares held by the President of India, to the Defence Minister Rajnath Singh, at New Delhi on October 25.

The company had paid the first interim dividend of 60 percent (on face value of Rs 1 per equity share) in February 2023 and the second interim dividend of 60 percent (on face value of Rs. 1 per equity share) in March 2023. The company has thus paid a total dividend of 180 percent on its paid up capital for the year 2022–23.

(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.)