BDL pays 35,018 cr dividend to the Centre

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The Hyderabad-based Defence Public Sector Undertaking Bharat Dynamics Limited (BDL), has paid its final dividend of Rs. 35.018 Crore to the Government of India.

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Chairman and Managing Director of BDL Commodore Siddharth Mishra (Retd) presented the cheque for Rs. 35.018 Crore, being the final dividend pertaining to Government of India shareholding in BDL, to the Union Defence Minister Rajnath Singh in New Delhi today.

BDL has declared a final dividend of Rs.2.55 per share of Rs.10 each for the financial year 2019-20. The final dividend declared by the Company works out to 25.5 % 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 Government of India’s shareholding in BDL. With this, the total dividend paid by BDL to Government of India 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.

Secretary, Department of Defence Production (DDP) Raj Kumar, and Joint Secretary (Aero) from the Ministry of Defence Chandraker Bharti were present on the occasion.

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