BEL pays Rs 174.44 Crore Final Dividend to Govt of India

Navratna Defence PSU Bharat Electronics Ltd (BEL) has paid a total dividend of 280% to the Government of India for the Financial Year 2019-20.

Mr M V Gowtama, Chairman & Managing Director, BEL, presented the 140% Final Dividend cheque of Rs. 174,43,63,569.20/- (Rupees One Hundred Seventy-four Crores Forty-Three Lakhs Sixty-three Thousand Five Hundred Sixty-nine and Twenty Paise only), payable on the shares held by the President of India, to the Hon'ble Raksha Mantri, Shri Rajnath Singh, at New Delhi on October 28, 2020. The Interim Dividend of 140% (on face value of Re. 1 per equity share) was paid to the Government of India in February 2020.

Shares of BHARAT ELECTRONICS LTD. was last trading in BSE at Rs.88.25 as compared to the previous close of Rs. 89.75. The total number of shares traded during the day was 249055 in over 3058 trades.

The stock hit an intraday high of Rs. 90.05 and intraday low of 87.7. The net turnover during the day was Rs. 22057133.

Source : Equity Bulls

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