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Hindustan Aeronautics Ltd (HAL) has paid the second interim dividend of ₹376.94 crore for financial year 2020-21 to the government.
R Madhavan, CMD, and CB Ananthakrishnan, Director - Finance, handed over the dividend cheque to Defence Minister Rajnath Singh in the presence of Raj Kumar, Secretary, Defence Production, in Delhi.
The company had declared a second interim dividend of ₹15 per equity share of ₹10 each, amounting to ₹501.58 crore, on February 26. This was in addition to the first interim dividend of ₹15 per equity share of ₹10 each, amounting to ₹501.58 crore declared on December 9, 2020, total amounting to ₹1,003.16 crore, which included the Centre’s share of ₹753.88 crore.
Madhavan said HAL has been consistently paying higher dividends than the minimum dividend prescribed by DPE (Department of Public Enterprises) guidelines.
Chandraker Bharti, Joint Secretary (Aero), Ministry of Defence; MS Velpari, Director - Operations, HAL; and Alok Verma, Director - HR, HAL, were present on the occasion.
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