BEML paid annual dividend of 18 cr. to the Defence Minister

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BEML Limited, a Mini Ratna Public Sector Undertaking, has paid the dividend of Rs.18.00 crores for the year 2017-18 to the Government of India. The Government of India holds 2.25 crore equity shares of Rs. 10/- each in BEML and accordingly entitled to the dividend of Rs. 18.00 crores @ Rs. 8.00 per share i.e., 80% on the equity share capital for the year 2017-18.

At a programme held at New Delhi Deepak Kumar Hota, CMD, BEML handed over the Demand Draft to the Defence Minister Mrs. Nirmala Sitharaman in the presence of Shri Sanjay Prasad, Joint Secretary (Land Systems), Ministry of Defence.

BEML had also paid a dividend of Rs. 18.00 Cr. for the year 2016-17 to the Government of India last year.