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News updated at 10:25 AM IST

BEML pays out dividend

Bangalore, Nov 22, 2012, DHNS: 22:34 IST
BEML Limited has declared a Dividend of 50 per cent on the Share Capital for the Financial Year 2011-12.

BEML CMD P Dwarakanath presented the cheque for Rs 11.25 crore to Defence Minister A K Antony at New Delhi as dividend for 54.03 per cent of the company’s shares held by the Government of India.

R K Mathur, Secretary (Defence Production) and P K Mishra, Joint Secretary (MS) were also present. BEML is set to reach sales target of Rs 4,955 crore for FY 2012-13 and the pending order book position is around Rs 6,683 crore for execution during 2013-13 and beyond.

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