Bharat Electronics Ltd (BEL) paid Rs 324 crore as 200 percent total dividend for fiscal 2017-18 to the central government, which holds 66 percent equity shares in the state-run defence behemoth, said a senior official on Thursday.

Share Market Live

NSE

"Of the Rs 490.58-crore total dividend, which is equivalent to 200 percent, we paid the government Rs 324 crore for holding 66 percent equity stake in the company on proportionate basis," BEL Company Secretary S. Srinivas told IANS here.

The company paid Rs 64.42 crore on Thursday to the government as final dividend, equivalent to 40 percent in proportionate to its equity share of Re 1 face value after paying Rs 259.58 crore as an interim dividend, equivalent to 160 percent in February.

"The final dividend pay-out of 40 percent to all shareholders, including the government, institutions, retail and our employees is Rs 97.46 crore and the interim dividend of 160 percent was Rs 393.12 crore," added Srinivas.

BEL Chairman & Managing Director M.V. Gowtama presented a cheque for Rs. 64.42 crore as final dividend to Defence Minister Niramala Sitharaman in New Delhi earlier in the day, the company said in a statement here.

The company's blue-chip scrip of Re 1 face value ended at Rs 96.55 per share at the close of Thursday trading on the BSE.

First Published:Nov 16, 2018 5:40 AM IST