Hyderabad, Mar 3 (Agency) Bharat Dynamics Limited (BDL), a Hyderabad based Defence Public Sector Undertaking on Thursday declared an interim dividend of Rs 133.7953 crore. According to the official release, BDL declared payment of interim dividend for the financial year 2021-22 at Rs 7.30 a share of the face value of Rs 10 each. The interim dividend declared by the firm works out to 73 per cent of the paid up share capital of Rs 183.2812 crore, an official release said here. BDL Chairman and Managing Director Commodore Siddharth Mishra presented the cheque for Rs 100.2476 Crore, being the interim dividend pertaining to the Government of India shareholding in BDL, to Defence Minister Rajnath Singh at New Delhi on Thursday.
Defence Ministry Additional Secretary (Defence Production) Sanjay Jaju and BDL Director (Finance) N Srinivasulu and BDL Executive Director (Marketing) Commodore TN Kaul were present on the occasion. BDL, a Public Sector Undertaking under Ministry of Defence, holds an impressive order book position of Rs 11,400 Crore net as on today. To further enhance the order book position of the Company, BDL has signed several contracts during the current financial year. More orders are being expected by the Company, as approvals are at various stages in the Ministry of Defence. BDL also plans to sign several MoUs with various companies during Defexpo – 2022 scheduled to be held at Gujarat this month. To ensure timely delivery of work orders, the Company has augmented its production capabilities. Modernization of existing facilities is being taken up aggressively to supply futuristic weapons to the Indian Armed Forces. In addition to the domestic market, BDL is looking to foreign customers to consolidate its order book and become a global exporter of weapon systems.