BEML Pays Annual Dividend to Government

Defence Industry
Mr Deepak Kumar Hota, CMD, BEML, presenting the dividend to Defence Minister Nirmala Sitharaman, in the presence of Mr Sanjay Prasad, Jt.Secy, MoD

New Delhi. 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 Government of India (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 per cent 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 Defence Minister Nirmala Sitharaman in the presence of Sanjay Prasad, Joint Secretary (Land Systems), Ministry of Defence.

It may be noted here that BEML for the year 2016-17 had also paid a dividend of Rs 18.00 crores to the Government.