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

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.

RBI pauses to assess inflation risks, policy transmission

The Reserve Bank of India (RBI) has begun the new fiscal year with a calibrated pause, keeping the repo rate unchanged at 5.25 per cent in its April Monetary Policy Committee (MPC) meeting. The decision, taken unanimously, reflects a shift from aggressive policy action to cautious observation after a signi


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter