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GSL pays an interim dividend of Rs 22.30 crore to Govt for FY 2020-21

Goa Shipyard Limited (GSL) has paid an interim dividend of 22.30 crore to the government for the current financial year (FY 2020-21)

GSL pays an interim dividend of Rs 22.30 crore to Govt for FY 2020-21
GSL pays an interim dividend of Rs 22.30 crore to Govt for FY 2020-21
  • Goa Shipyard Limited (GSL) on Thursday paid an interim dividend of Rs 22.30 crore to the government

  • This interim dividend for FY 2020-21 at Rs 3.75 per equity share of Rs 5.00 each has already been distributed to the shareholders in January 2021

New Delhi: Goa Shipyard Limited (GSL), a Miniratna Defence PSU, has paid an interim dividend of Rs 22.30 crore to the government for the current financial year (FY 2020-21). The dividend cheque of Rs 22.30 crore, pertaining to government shareholding in GSL has been presented to Union Defence Minister Rajnath Singh by GSL's Chairman & Managing Director (CMD) Cmde BB Nagpal, IN (Retd.) on March 3 in New Delhi.  Department of Defence Production's Secretary Raj Kumar (IAS) and Additional Secretary Sanjay Jaju (IAS) were also present on the occasion.

Interim dividend for FY 2020-21 at Rs 3.75 per equity share of Rs 5.00 each, equal to 75 percent of the paid-up share capital of the company was declared by the board of directors of the company on December 17, 2020. This dividend has already been distributed to the shareholders in January 2021.

“GSL is working hard to repeat the same performance. Goa Shipyard Ltd thanks to our clients and government for this performance”- Cmde BB Nagpal, IN (Retd.), CMD, Goa Shipyard Ltd

Commenting on the occasion, Nagpal said, “GSL is working hard to repeat the same performance. Goa Shipyard Ltd thanks to our clients and government for this performance.” 

ALSO READ: MDL pays Govt an interim dividend of Rs 92.56 crore for FY 2020-21

Goa Shipyard Limited (GSL)

Goa Shipyard Limited (GSL) is a government-owned shipbuilding defence PSU situated in Vasco da Gama, Goa. GSL was established in 1957, originally by the colonial government of the Portuguese in India as the "Estaleiros Navais de Goa", to build barges to be used in Goa's growing mining industry, which took off after the establishment of India's blockade of Goa in 1955. In the wake of Portugal's defeat and unconditional surrender to India following the 1961 Indian annexation of Goa, it was requisitioned to manufacture warships for the Indian Navy and the Indian Coast Guard.

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