HAL presents Rs 377 crore as second interim dividend to govt

HAL presents Rs 377 crore as second interim dividend to govt

Submitted by Editor on Tue, 2016-03-29 15:40 Bengaluru: HAL has presented the second interim dividend of Rs 377 crore which works out to 78.21�f the paid up Share Capital (Rs.482 crores) to the Government.T. Suvarna Raju, CMD, HAL, handed over the cheque to Manohar Parrikar, Defence Minister at the on-gong Def-Expo in Goa. Apart from this, dividend distribution tax of Rs 76.74 crores is also being paid, said Raju. Ashok Kumar Gupta, Secretary, Defence Production and other senior officials from MoD and HAL were present.The total Dividend payment for the year 2015-16 works out to Rs 510 crores which is 105.81�f the paid up Share capital (Rs 482 crores) excluding dividend distribution tax of Rs 103.82 crores.The Dividend paid for the previous year (2014-15) is Rs 480 crores which works to 99.58�f the Paid up Share Capital (Rs 482 crores), excluding dividend distribution tax of Rs 95.97 crores.