BEML Ltd, a public sector company under the Defence Ministry, today paid a dividend of Rs 22.50 crore to the government for the financial year 2010-11.
The company's Chairman and Managing Director V R S Natarajan presented the cheque for Rs 22.50 crore to the Defence Minister A K Antony today at New Delhi as dividend for 54.03% of company's shares held by the government of India, a BEML statement here said.
Secretary (Defence Production) Shekhar Agarwal, Jt Secretary (LS) Rashmi Verma, Ministry of Defence Additional Financial Advisor S C Pandey were also present.
BEML is expected to reach a sales target of Rs 4,200 crore for financial year 2011-12. The pending Order Book position is expected to cross Rs 5,000 crore by the end of the current financial year for execution during 2011-12, and beyond, it added.
Source: www.moneycontrol.com
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