HAL Pays Second Interim Dividend to GOI
HAL paid the second interim of Rs.376.94 crores for FY 2020-21 to the Government. The dividend cheque was handed over to the Defence Minister, Rajnath Singh by R. Madhavan, CMD and C. B. Ananthakrishnan, Director (Finance) in the presence of Raj Kumar, Secretary, Defence Production in New Delhi.
The Company had declared the second interim dividend of Rs.15/- per equity share of Rs.10/- each amounting to Rs.501.58 crores on February 26, 2021, in addition to the first interim dividend of Rs.15/- per equity share Rs.10/- each amounting to Rs.501.58 crores already declared on December 9, 2020, total amounting to Rs.1003.16 crores which included GoI share of Rs.753.88 crores.
Madhavan said that HAL has been consistently paying higher dividend more than the minimum dividend prescribed by DPE guidelines. Chandraker Bharti, JS (Aero), MoD, M.S. Velpari, Director (Operations), HAL and Alok Verma, Director (HR), HAL were present on the occasion.