Bharat Electronics pays second interim dividend of Rs174cr to Govt for FY21; Stock gains

This would be the 18th consecutive year that BEL is paying an Interim Dividend.

March 31, 2021 2:31 IST India Infoline News Service

State-owned Bharat Electronics (BEL) has paid a second interim dividend amounting to Rs174cr for fiscal FY21. The company paid the dividend of 140% on its paid-up capital to the Government of India for the financial year 2020 – 21.

M V Gowtama, Chairman & Managing Director, BEL, presented the second interim dividend cheque of Rs174.43cr, payable on the shares held by the President of India, to the honourable Defence Minister, Rajnath Singh, at New Delhi on March 30, 2021.

This would be the 18th  consecutive year that BEL is paying an Interim Dividend.

The company has paid a total dividend of 280% on its paid-up capital for the financial year 2019 – 20.

At around 2.30 pm, BEL is trading at Rs126.30 per piece up 0.6% on Sensex. 

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