HAL Pays Second Interim Dividend of Rs 376.93 crore to Government

Defence Industry

New Delhi. Defence Public Sector Undertaking (DPSU) Hindustan Aeronautics Limited (HAL) paid the second interim dividend of Rs 376.93 crore for the Financial Year (FY) 2020-21 to the Government. The dividend cheque was handed over to Defence Minister Rajnath Singh by Chairman and Managing Director (CMD) of HAL R Madhavan and Director (Finance), HAL CB Ananthakrishnan in the presence of Secretary (Defence Production) Raj Kumar in New Delhi on March 10.

The Company had declared the second interim dividend of Rs 15 per equity share of Rs 10 each amounting to Rs 501.58 crore on February 26, 2021, in addition to the first interim dividend of Rs 15 per equity share of Rs 10 each amounting to Rs 501.58 crore already declared on December 9 last year totalling Rs 1,003.16 crore which included Government share of Rs 753.88 crore.

Madhavan said that HAL has been consistently paying higher dividend more than the minimum dividend prescribed by Department of Public Enterprises (DPE) guidelines. Joint Secretary (Aero) Chandraker Bharti and other senior officials of Ministry of Defence (MoD) and HAL were present on the occasion.

defea

Leave a Reply