Centre gets dividend from BEML

The union government holds 2.25 crore equity shares of Rs 10 each in BEML

GN Bureau | December 4, 2018


#BEML   #ministry of defence   #PSU  

Ministry of defence’s enterprise, BEML Limited has paid dividend of Rs 18 crores for 2017-18 fiscal to the centre.

 
The centre holds 2.25 crore equity shares of Rs 10 each in BEML and accordingly entitled to dividend of Rs 18 crore at the rate of Rs 8 per share i.e. 80 per cent on the equity share capital for the year 2017-18.
 
A dividend of the same amount was also paid by the PSU to the government in the last fiscal.

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