BEL pays Rs. 49.21 cr Interim Dividend to Govt
Navratna Defence PSU Bharat Electronics Ltd (BEL) has paid an Interim Dividend of Rs.49,21,87,221/- (Rupees Forty Nine Crores Twenty One Lakhs Eighty Seven Thousand Two Hundred and Twenty One only) to the Government of India for the year 2016-17.
MrM V Gowtama, CMD, BEL, presented the Interim Dividend cheque to the DefenceMinister, Mr Manohar Parrikar, at New Delhi on March 9, 2017. BEL hasdeclared 30% per cent Interim Dividend (Rs. 3/- pershare) to its shareholders for the year 2016-17.
Thisis the 13th consecutive year that BEL is paying InterimDividend. The Company had paid 170% Dividend in the previous year 2015-16(25% Interim Dividend in February, 2016 and 145% Final Dividend in October,2016.