GRSE pays interim dividend of Rs 63 crores to its shareholders for FY 2022-23

New Delhi: Garden Reach Shipbuilders and Engineers Limited (GRSE) has paid an interim dividend of Rs 63 crores for FY 2022-23 to its shareholders. The interim dividend cheque amounting to Rs 46.93 crore as the government’s share was handed over to Defence Minister Rajnath Singh by GRSE's Chairman & Managing Director (CMD) Cmde PR Hari, IN (Retd) on Monday at New Delhi in the presence of Defence Secretary Giridhar Aramane, Additional Secretary (Defence Production) T Natarajan, Director (Finance) RK Dash and senior officials from Ministry of Defence and GRSE.

GRSE has declared an interim dividend of Rs 5.50 per equity share of Rs 10 for FY 22-23 against Rs 4.95 in FY 21-22. GRSE has been consistent in paying dividend to the Shareholders and has done so every year for the last 29 years.

The company has a strong order book position of Rs 22,242.42 crores as on December 31 and has recently concluded another contract of over Rs 3500 crore with the Indian Navy for the construction of four next generation offshore patrol vessels.

(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.)