State-run Indian Rare Earths issues 100% bonus shares over Rs86cr for FY21; Pays interim dividend of Rs50cr

DAE said, despite pandemic COVID-19 situation, IREL made all efforts in 2020-21 to sustain the performance achieved during the previous year 2019-20.

Dec 31, 2020 10:12 IST India Infoline News Service

State-owned Indian Rare Earths Limited (IREL) under the Department of Atomic Energy (DAE), has issued 100% equity bonus shares amounting to Rs86.36cr for the financial year FY21.

Notably, the company has also paid to the Centre an interim dividend of Rs50cr for the year 2020-21.

The department said that, despite pandemic COVID-19 situation, IREL made all efforts in 2020-21 to sustain the performance achieved during the previous year 2019-20 and similarly complied with the advisory issued by Department of Investment and Public Asset Management to pay an interim dividend.

On Wednesday, a share certificate for allotment of bonus shares and the interim dividend cheque of Rs50cr was presented to K.N. Vyas, Chairman, AEC and Secretary, DAE by D. Singh, CMD, IREL in the presence of  A.R. Sule, Joint Secretary I&M), DAE and A. RoyChowdhury, Director (Finance), IREL.

Related Story

Open Free Demat Account (Rs699)