Bharat Dynamics Limited (BDL) has paid an interim dividend of Rs. 7.30 per equity share of Rs. 10 each for the financial year 2021-22 amounting to Rs. 133.7953 Crore. The interim dividend declared by the company works out to 73% of the paid-up share capital of Rs. 183.2812 Crore.
Commodore Siddharth Mishra (Retd), Chairman and Managing Director, BDL presented the cheque for Rs. 100.2476 Crore, being the interim dividend pertaining to the Government of India (GoI) shareholding in BDL, to Defence Minister Rajnath Singh in New Delhi on Thursday (March 3).
Also read: BEL Pays Rs 186 Cr Interim Dividend
Sanjay Jaju, Additional Secretary (Defence Production), Ministry of Defence and N Srinivasulu, Director (Finance), BDL, Commodore TN Kaul (Retd), Executive Director (Mktg), BDL were present on the occasion.
BDL, a Public Sector Undertaking under the Ministry of Defence (MoD), holds an impressive order book position of Rs. 11,400 Crore net as on today. To further enhance the order book position of the company, BDL has signed several contracts during the current financial year.
More orders are being expected by the company, as approvals are at various stages in MoD. BDL also plans to sign several MoUs with various companies during Defexpo 2022 in Gandhinagar this month.
To ensure timely delivery of work orders, the company has augmented its production capabilities. Modernisation of existing facilities is being taken up aggressively to supply futuristic weapons to the Indian Armed Forces. In addition to the domestic market, BDL is looking up to foreign customers to consolidate its order book and become a global exporter of the weapon system.