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Home » IANS » BDL pays final dividend to Centre

BDL pays final dividend to Centre

By IANS
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Hyderabad, Oct 13 (IANS) Bharat Dynamics Limited (BDL), a Hyderabad-based defence public sector undertaking, on Tuesday paid the final dividend of Rs 35.018 crore to the government of India.

Commodore Siddharth Mishra (Retd), Chairman and Managing Director, BDL, presented the cheque towards the final dividend pertaining to government of India’s shareholding in BDL to Defence Minister Rajnath Singh in New Delhi.

BDL has declared final dividend of Rs 2.55 per share of Rs 10 each for the financial year 2019-2020. 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.

Earlier, during March this year, an interim dividend of Rs 6.25 per share amounting to Rs 100.518 crore was paid by BDL to the government of India for the financial year 2019-20 towards the government’s shareholding in BDL.

With this, the total dividend paid by BDL to the government for the financial year 2019-20 amounts to Rs 135.536 crore.

BDL achieved a sales turnover of Rs 3,095.20 crore and profit before tax of Rs 742.45 crore for the year 2019-20.

–IANS

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(This story has not been edited by Newsd staff and is auto-generated from a syndicated feed.)
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