Bharat Dynamics Limited (BDL), a ‘Miniratna’ category–1 Defence Public Sector Undertaking (DPSU) has achieved a record turnover of ₹4,886.62 crore for the financial year 2016-17, registering a growth of 17.46% over the previous year. Bharat Dynamics Chairman and Managing Director V. Udaya Bhaskar presented a cheque of full and final dividend of ₹157.22 crore for the financial year 2016 - 17 to Raksha Mantri Nirmala Sitharaman in New Delhi on Thursday. The dividend paid by the BDL works out to 128.67% of the paid up capital. The DPSU has bought back 25% of its shares for the sum of ₹450.54 crore. Defence Secretary Sanjay Mitra, Additional Secretary (Defence Production) Apurva Chandra, Joint Secretary (P&C) Amit Sahai, Joint Secretary (LS), Department of Defence Production, Sanjay Prasad, Director (Finance) S. Piramanayagam and DGM (Liaison) of BDL Col. Ravi Prakash (Retd) were also present on the occasion, a press release said.

Source: The Hindu November 09, 2017 17:03 UTC