Home Business BDL Turnover Jumps to Rs 4,886.62 Crore, Pays Rs 157.22 Crore Dividend

BDL Turnover Jumps to Rs 4,886.62 Crore, Pays Rs 157.22 Crore Dividend

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BDL
Bharat Dynamics Limited (BDL), a ‘Miniratna’ category–1 Defence Public Sector Undertaking (DPSU), has achieved a record turnover of Rs 4,886.62 crore for the financial year 2016-17, registering a growth of 17.46 per cent over the previous year. Chairman and Managing Director, BDL Shri V Udaya Bhaskar presented a cheque of full and final dividend of Rs 157.22 crore for the financial year 2016 – 17 to Raksha Mantri Smt. Nirmala Sitharaman. 

The dividend paid by the BDL works out to 128.67% of the paid up capital. The DPSU has bought back 25% of its shares for the sum of Rs 450.54 crore.

Defence Secretary Shri Sanjay Mitra; Additional Secretary (Defence Production) Shri Apurva Chandra; Joint Secretary (P&C) Dr Amit Sahai; Joint Secretary (LS), Dept of Defence Production Shri Sanjay Prasad; Director (Finance) Shri S. Piramanayagam and DGM (Liaison) of BDL Col Ravi Prakash (Retd) were also present on the occasion.