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

Fighting Covid-19, India has realized its collective strength: PM

In the face of the Covid-19 pandemic, people of India have realized their collective strength, prime minister Narendra Modi said in a short video message Friday morning. He also urged people to light lamps Sunday night as a gesture of this collectivity. “Today marks nine days of the na

COVID-19 demobilisation: Lessons for public governance

Demobilization, like its predecessor – demonetization, is another decision gone bad in implementation.  In both instances a careful public administrative action through its governance systems could have saved the magnitude of impact particularly on the most vulnerable sections of the society. Th

Don’t fear Corona, fight it

In a bid to break the “chain of transmission” of the deadly Covid-19, India, a country with more than 1.3 billion population, observed a voluntary ‘Janata Curfew’ on March 22. This has been followed by a 21-day, nationwide lockdown from March 24. Prime minister Narendra Modi also re

Sci-Tech Empowered Committee set up for COVID-19

To take speedy decisions on research and development for Sars-Cov-2 virus and COVID-19, the government has constituted a Science and Technology Empowered Committee. The committee, set up on March 29 and chaired by Niti Aayog member, professor Vinod Paul and professor K Vijay Raghavan, princi

Covid-19 and real estate: This could be last straw that broke camel’s back

Covid-19 may turn out to be the last straw that broke the camel’s back so far as the real estate sector is concerned. It broke out at a time when pundits were estimating the GDP to be hovering around 2.5% with unprecedent levels of unemployment. This itself was a good indicator that the real estate s

India ramps efforts as COVID-19 cases rise

As COVID -19 cases continue to rise amid a 21-day lockdown, the centre and the states are proactively taking measures to provide aid to the underprivileged and the needy during this unprecedented situation.         By Sunday morning, India had registered 27



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter