BEL pays Rs 49.21 cr interim dividend to govt

The PSU had paid 170 percent dividend in 2015-16

GN Bureau | March 11, 2017


#Bharat Electronics Limited   #interim dividend   #PSU  



Navratna defence PSU — Bharat Electronics Limited (BEL) has paid an interim dividend of Rs 49.21 crore to the union government for 2016-17 fiscal.

M V Gowtama, CMD, BEL, presented the interim dividend cheque to defence minister Manohar Parrikar on March 9 in New Delhi. BEL has declared 30 percent interim dividend (Rs 3 per share) to its shareholders for the year 2016-17.

This is the 13th year in a row that the defence PSU has paid interim dividend to the government. The company had paid 170 percent dividend in the previous year 2015-16 (25 percent interim dividend in February, 2016 and 145 percent final dividend in October, 2016).

Comments

 

Other News

Expanding Eureka!

Abright yellow van with figures of children playing with a whirligig, a Newton’s cradle, a magnetic compass rolls into the Government Higher Primary School in Kittaganahalli, on the outskirts of Bengaluru. Students in the playground leave what they are doing and mill about it in excitement. For they

The spark in the classroom

Not many children dream of starting an idyllic school of their own when they grow up. But Ramji Raghavan, founder of the Agastya International Foundation – which fosters the creative learning of science in stude

Trafficking survivors’ votes don’t count

While the entire nation is agog with political grapevine, political parties are weighing on all options to lure voters by touching upon issues that impact their lives. Several parties, including the BJP and the Congress have released their manifestos while many are about to join the bandwagon. The

“I have a bigger reason and motivation to join politics”

Urmila Matondkar joined the Congress party and within just two months into politics, the actor is already surrounded by controversies – from being accused of making anti-Hindu comments to inappropriate poll campaigning. Fielded against BJP’s Gopal Shetty in the Mumbai North constituency, Ma

Campaign trail with BJP’s Manoj Kotak

Dressed in white shirt and pants, three time Bhartiya Janta Party (BJP) corporator Manoj Kotak is now contesting from Mumbai north-east constituency. Kotak, representing BJP in the BMC, is ready to rally around Ward 125 in Ghatkopar east area. It’s about 7:30 pm on a hot April e

Modi is now the topic of a PhD thesis

Sunil Bhatt, a Gujarat-based professional, has completed what is possibly the first PhD thesis on prime minister Narendra Modi. The thesis, titled ‘Leadership, Governance and Development: A case study of Shri Narendra Modi’, has been accepted at the Veer Narmad South Gujarat Universit



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter