Bharat Dy­nam­ics pays high­est div­i­dend

SP's MAI - - CORPORATE NEWS -

S.N. Mantha, Chair­man and Man­ag­ing Di­rec­tor, Bharat Dy­nam­ics Lim­ited (BDL) pre­sented a div­i­dend cheque of ` 47 crore for the fi­nan­cial year 2011-12 to the De­fence Min­is­ter A.K. Antony re­cently. The div­i­dend by BDL, a Hy­der­abad-based pub­lic sec­tor unit un­der the Min­istry of De­fence, works out to 40.87 per cent on the paid-up share cap­i­tal of ` 115 crore.

This is the high­est-ever div­i­dend paid by Mini-Ratna Cat­e­gory–1 Com­pany, which has achieved a record turnover of ` 959 crore dur­ing the fi­nan­cial year 2011-12.

To meet the grow­ing de­mands of the In­dian armed forces, BDL has em­barked on an ex­pan­sion drive. The com­pany is set­ting up shortly its fourth man­u­fac­tur­ing unit at Am­ra­vati in Ma­ha­rash­tra and the fifth one at Ibrahim­pat­nam in Andhra Pradesh.

Re­cently, the com­pany has signed two con­tracts with the armed forces for re­fur­bish­ment of vin­tage mis­siles held by the ser­vices. With this, BDL has added an­other busi­ness line to its field of ac­tiv­ity.

In its pur­suit of self-re­liance in the field of crit­i­cal tech­nolo- gies, BDL has pro­duc­tionised imag­ing in­frared seek­ers for Nag anti-tank guided mis­sile. The ToT was given by DRDO. With this, BDL has joined the elite group of com­pa­nies pro­duc­ing Seek­ers in the world.

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