BEL pays Rs. 64.41 Cr Final Dividend to Govt

Navratna Defence PSU Bharat Electronics Ltd (BEL) has paid a total dividend of 200% to the Government of India for FY 2017-18.

Mr M V Gowtama, Chairman & Managing Director, BEL, presented the 40% Final Dividend cheque for Rs. 64,41,62,053.20/- (Rupees Sixty-four crores Forty-one lakhs Sixty-two thousand Fifty-three and paise Twenty only), for the year 2017-18, payable on the shares held by the President of India and Government nominee, to the Hon’ble Raksha Mantri, Mrs Nirmala Sitharaman, at New Delhi today, November 15, 2018. The Interim Dividend of 160% (on face value of Re. 1 per equity share) was paid to the Government of India in February 2018.


Photo caption: Mr M V Gowtama, CMD, BEL, presenting the 40% Final Dividend cheque for Rs. 64,41,62,053.20/- (Rupees Sixty-four crores Forty-one lakhs Sixty-two thousand Fifty-three and paise Twenty only) for the year 2017-18, payable on the shares held by the President of India and Government nominee, to the Hon’ble Raksha Mantri, Mrs Nirmala Sitharaman, at New Delhi today, November 15, 2018. Also seen in the picture are (Left-Right) Mr M M Joshi, Executive Director (National Marketing), BEL, Mr Koshy Alexander, Director (Finance), BEL, Dr Amit Sahai, Joint Secretary (P&C) & Part-Time Government Director on the BEL Board, and Mr Barun Mitra, Additional Secretary (Defence Production). BEL has paid a total dividend of 200% to the Government of India for FY 2017-18.