Bharat Electronics Declares Interim Dividend

Bharat Electronics Ltd. on Thursday declared that for the financial year 2024-25, it will pay an interim dividend of Rs 1.50 against each equity share held by its investors.

The dividend amount translates to 150% of the face value of the fully paid-up shares of Re 1 apiece, according to the company’s exchange filing.

The company's regulatory filing stated that the dividend will be paid on March 27 to eligible shareholders.

Earlier in the month, the company had intimated via disclosures that its board had, at its meeting on March 5, declared an interim dividend and that the record date for its eligibility would be March 11.

On Thursday, the Navratna defence public sector undertaking had informed via stock exchange filings that it has signed a contract valued at Rs 2,463 crore with the Ministry of Defence.

The order involves the supply and services of Ashwini Radars. BEL has developed the fully indigenous radars in collaboration with DRDO.

As a result, the defence supplier has now accumulated orders totalling Rs 17,030 crore in the ongoing financial year.

Shares of Bharat Electronics Ltd. closed 1.21% higher at Rs 280.10 apiece on the BSE, compared to a 0.27% decline in the benchmark Sensex.