Bharat Dynamics pays dividend of Rs100 crore to government; stock slips marginally

4 Mar 2022 , 12:53 PM

Bharat Dynamics Ltd., one of the leading manufacturers of ammunitions and missile systems in India, has paid an interim dividend of Rs7.30 per equity share of Rs10 each for the current fiscal year. The total dividend paid by the company was Rs133.80 crore, which is almost 73% of the paid-up share capital of the company of Rs183.28 crore.

On Thursday, Commodore Siddharth Mishra (Retd), Chairman and Managing Director, BDL, paid an interim dividend of Rs100.24 crore pertaining to the Government of India’s shareholding in the company.

As of Today, Bharat Dynamics Limited holds an enormous order book of Rs11,400 crore.

The cheque was presented to Defence Minister Rajnath Singh in the national capital in the presence of Sanjay Jaju, Additional Secretary (Defence Production), Ministry of Defence and N Srinivasulu, Director (Finance), BDL, Commodore TN Kaul (Retd), Executive Director (Mktg).

Bharat Dynamics Ltd is currently trading at Rs461.20 down by Rs1.05 or 0.23% from its previous closing of Rs462.25 on the BSE.