BEL pays Rs.2.61 billion final dividend to Govt

Navratna Defence PSU Bharat Electronics Ltd (BEL) has paid a total dividend of 170 per cent to the Government of India for 2015-16.

Mrs Anandi Ramalingam, Director (Marketing), BEL, along with Mr M V Gowtama, Executive Director (Missile Systems)/BEL-Bengaluru, presented the 145 per cent final dividend cheque of Rs. 261,06,18,135/- (Rupees two hundred and sixty one crores six lakhs eighteen thousand one hundred thirty five only), payable on the shares held by the President of India and Government nominee, to the Defence Minister, Mr Manohar Parrikar, at New Delhi on October 24, 2016. The 25 per cent Interim Dividend was paid to the Government of India in February 2016.

By Baishakhi Dutta