In an important development, Bharat Electronics Limited (BEL), the Defence Public Sector Undertaking (DPSU) has paid a total dividend of 400 per cent on its paid-up capital to the government for the financial year 2020-21.
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It must also be noted that NBCC India Ltd paid a total dividend of Rs 52.24 crore to its shareholders for the financial year 2020-21. Furthermore, the Hindustan Steelworks Construction limited (HSCL), a subsidiary of NBCC (India), also paid its final dividend of Rs. 4.36 Crore (includes Rs. 1.68 crore dividend and Rs. 2.68 crore as interim dividend) for the financial year 2020-21 to the government.
Coming back to BEL, Anandi Ramalingam, Chairman and Managing Director (Additional Charge), BEL, presented the 120 per cent final dividend cheque for Rs 149.52 crore, payable on the shares held by the President of India to Defence Minister Rajnath Singh in New Delhi on October 27, 2021.
The total dividend paid to the government stands at Rs 498.38 crore. There has been a 43 per cent increase from FY 2019-20 despite the COVID-19 pandemic.
Earlier, the company had paid two interim dividends of Rs 174.43 crore each consisting of 140 per cent on face value of Rupee one per equity share in February and March 2021. One must know that BEL is a Navratna company.
Now, in case of NBCC, the cheque of Rs 52.24 crore was handed over as the final dividend to the Minister of Housing and Urban Affairs Shri Hardeep Singh Puri by Pawn Kumar Gupta, chairman and Managing Director, NBCC.
Durga Shanker Mishra, Secretary MoHUA; Additional Secretary MoHUA Shri Kamran Rizvi and Sokhey, Director (Finance) NBCC were also present on the occasion.Internet Explorer Channel Network