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BEML PAYS ANUAL DIVIDEND TO HON’BLE DEFENCE MNISTER

Nov 28th, 2018 12:54 pm | By | Category: LATEST NEWS

BEML Dividend photo
(THE NEWSMAN OF INDIA)
BEML Limited, a Mini Ratna Public Sector Undertaking, under the Ministry of Defence, Government of India (GoI) paid dividend of Rs.18.00 crores for the year 2017-18 to the GoI.

The GoI holds 2.25 crore equity shares of Rs. 10/- each in BEML and accordingly entitled to dividend of Rs. 18.00 crores @ Rs. 8.00 per share i.e., 80% on the equity share capital for the year 2017-18.
At a programme held at New Delhi,Deepak Kumar Hota, CMD, BEML handed over the Demand Draft to the Raksha Mantri Smt. Nirmala Sitharaman in the presence of Sanjay Prasad, Joint Secretary (Land Systems), Ministry of Defence.

It may be noted that BEML, for the year 2016-17 had also paid a dividend of Rs. 18.00 Crs. to the GoI.

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