The Hindu Business Line : BEL announces 100% dividend

This is the highest dividend so far by the defence PSU and includes 80 per cent on the paid-up equity share of Rs 10 each and a special one-time golden jubilee dividend of 20 per cent per share of Rs 10 each, the company said in a release. This was approved at the company's AGM held in Bangalore on Monday.

During 2003-04, BEL achieved a turnover of Rs 2,798.6 crore (compared with Rs 2,508 crore in 2002-03) and profit after tax of Rs 316.1 crore (Rs 260.6 crore in 2002-03).

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