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BEL pays 156 percent dividend to government
Sunday, October 30, 2011

Bangalore : State-run Bharat Electronics Ltd (BEL) paid a final dividend of 156 percent to the government for the fiscal year 2010-11, the Navratna defence behemoth said in a statement here Saturday.

BEL chairman and managing director Anil Kumar presented the final dividend cheque of Rs.94.67 crore to Defence Minister A.K. Antony earlier in the day in New Delhi.

"The company paid a total dividend of 216 percent (Rs.131 crore) to the central government for fiscal 2011, including an interim dividend of 60 percent (Rs.36.41 crore)," the statement noted.

This is the highest total dividend the 57-year-old company paid to the government surpassing the 207 percent payout in fiscal 2007-08.

The Bangalore-based BEL posted a turnover of Rs.5,529 crore for the year under review, registering 5.9 percent year-on-year (YoY) growth over fiscal 2009-10.

Exports, however, shot up 76 percent YoY to $42 million.  (IANS)


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