MDL Pays Dividend of Rs 92.56 Crore to the Government

 

Ministry of Defence has confirmed that it has received an interim dividend cheque of Rs 92.56 crore for Financial Year (FY) 2020-21 from Defence Public Sector Undertaking (PSU) Mazagon Dock Shipbuilders Limited (MDL).

Chairman & Managing Director (CMD), MDL Vice Admiral Narayan Prasad handed over the cheque to the Shri Rajnath Singh in the presence of Secretary (Defence Production) Shri Raj Kumar.

The company has declared interim dividend of Rs 109.11 crore @ 54.10 per cent of equity capital for FY 2020-21, Government share being 84.83 per cent.

Accordingly, MDL has paid a total dividend of Rs 138.73 crore to the Government of India during FY 2020-21 including final dividend of Rs 46.17 crore for FY 2019-20.

 

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