BEML pays annual dividend to Defence Minister
BEML Limited, a Mini Ratna Public Sector Undertaking, under the Ministry of Defence, Government of India (GoI) paid dividend of Rs 18 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
BEML Limited, a Mini Ratna Public Sector Undertaking, under the Ministry of Defence, Government of India (GoI) paid dividend of Rs 18 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 Defence Minister Mrs 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 crores to the GoI.
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