New Delhi. State-owned Bharat Dynamics Limited (BDL), a Hyderabad-based Defence Public Sector Undertaking that manufactures missiles and a range of high-tech equipment for the armed forces, has paid final dividend of Rs. 35.018 crore (over $476,000) to the Indian government for 2019-20.
The Akash missile system that is part of a range of equipment manufactured by BDL
Commodore Siddharth Mishra (retd), Chairman and Managing Director, BDL presented cheque for Rs. 35.018 crore, being the final dividend pertaining to the government’s shareholding to Defence Minister Rajnath Singh in New Delhi on October 13.
BDL has declared final dividend of Rs. 2.55 (0.03 cents) per share of Rs. 10 (0.13 cents) each for the financial year 2019-20. The final dividend declared by the Company works out to 25.5 per cent of the paid up share capital of Rs. 183.28 crore ($24 million).
Earlier, during March this year, an interim dividend of Rs. 6.25 (0.08 cents) per share amounting to Rs. 100.518 crore ($13 million) was paid by BDL for the financial year 2019-20 towards government’s shareholding in.
Raj Kumar, Secretary, Department of Defence Production (DDP) and Chandraker Bharti, Joint Secretary (Aero) from Ministry of Defence were present on the occasion.
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