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Government Of India
Ministry of Defence
(10-November, 2017 18:22 IST )

Bel pays Rs. 159.91 crore final dividend


Navratna Defence PSU Bharat Electronics Ltd (BEL) has paid total dividend of 225 per cent in three instalments to the Government of India for the financial year 2016-17.

Chairman & Managing Director, BEL Shri M V Gowtama, presented the 105 per cent third and final dividend cheque of Rs. 159.91 crore, payable on the shares held by the President of India and Government nominee, to the Defence Minister, Smt Nirmala Sitharaman, here today. The first Interim dividend of 30 per cent (on face value of Rs. 10 per equity share) was paid to the Government in January 2017 and the second interim dividend of 90 per cent (on face value of Re. one per equity share) was paid to the Government in March 2017.

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MJPS/NA/DK/RP
(Release ID :173397)
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