2.70 (0.66%) Bharat Electronics (BEL) has paid total dividend of 225% in three installments to the Government of India (GoI) for the financial year 2016-17. The company presented the 105% third and final dividend cheque of Rs 159.91 crore, payable on the shares held by the President of India and Government nominee, to the Defence Minister.
The first Interim dividend of 30% (on face value of Rs 10 per equity share) was paid to the Government in January 2017 and the second interim dividend of 90% (on face value of Rs one per equity share) was paid to the Government in March 2017.
Bharat Electronics (BEL) is a multi-product, multi-technology, multi-unit conglomerate with over 350 products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.