Industry

BEL pays Rs. 36 crore interim dividend to Government

Navratna Defence PSU Bharat Electronics Ltd (BEL) has paid an interim dividend of Rs. 36,00,95,154 to the Government of India for the year 2014-15. Mr S K Sharma, CMD, BEL, presented the interim dividend cheque to the Defence Minister, Mr Manohar Parrikar at New Delhi on March 18, 2015. BEL has declared 60% interim dividend (Rs. 6 per share) to its shareholders for the year 2014-15.

This is the 11th consecutive year that BEL is paying interim dividend. The Company had paid 233% dividend in the previous year 2013-14 (60% interim dividend in February, 2014 and 173% final dividend in October, 2014).

(Source: Press release)

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