FM reviews performance of National Bank for Financing Infrastructure and Development (See 'Corp Brief') C-DOT, Qualcomm sign MoU towards Design and Make in India vision (See 'Corp Brief') MSME Ministry organizes CPSE conclave on public procurement policy (See 'Corp Brief') Arbitration Act - Application preferred by applicant for appointment of arbitrator can be allowed and matter be referred for arbitration : HC (See 'Legal Desk') PM to inaugurate Key Infrastructure Projects of Central Coalfields in Jharkhand (See 'Corp Brief') Record decline in share of imported coal over past 5 years (See 'Corp Brief') PFUTP Regulations - In absence of any finding that Mahendra Singh Bisht is responsible for mis-utilization of funds imposition of Rs. 20 lakh penalty is excessive and can be reduce to Rs. 5 lakh : SAT (See 'Legal Desk') Cabinet approves royalty rates for mining of 12 critical and strategic minerals (See 'Corp Brief') Yadav releases report on status of leopards in India (See 'Corp Brief') SARFAESI Act - Since respondent does not intend to take any coercive steps, DRAT should decide Petitioners' application for waiver of deposit as expeditiously as possible : HC (See 'Legal Desk') Cabinet approves Nutrient Based Subsidy rates for Kharif Season, 2024 on Phosphatic and Potassic fertilizers; 3 new fertilizer grades included in scheme (See 'Corp Brief') Companies Act - Due to lack of evidences applicantion seeking release of shareholding on account of shares held in name of HUF cannot be entertained : HC (See 'Legal Desk') Centre issues notification Protective Textiles Quality Control Amendment Order, 2022 (See 'Corp Brief') SEBI Act - Linking second leg of transaction with noticee is vague and connection has not been fully justified : SAT (See 'Legal Desk') Minister to launch Second Tranche of Auction of Critical and Strategic Mineral Blocks (See 'Corp Brief') SARFAESI Act - Sales Tax Department cannot claim priority over the dues payable to the petitioner who is the secured creditor : HC (See 'Legal Desk') CIL, BHEL sign JVA for setting up Ammonium Nitrate Plant (See 'Corp Brief') SJVN commissions 50 MW Gujrai Solar Power Station in Uttar Pradesh (See 'Corp Brief') Arbitration Act - Appellant, having registered under MSME Act even after rendering service under contracts is not entitled to invoke arbitration : HC (See 'Legal Desk') PM to inaugurate NCL's First Mile Connectivity Projects worth Rs 1394 Crore (See 'Corp Brief') WTO negotiation session on Agriculture held at ongoing Abu Dhabi MC-13 (See 'Corp Brief') SARFAESI Act - Third party cannot bring any application for seeking clarification of order : HC (See 'Legal Desk') Indian Startup Ecosystem aims for global dominance: Goyal (See 'Corp Brief') Central Electricity Authority to honour frontline power sector workers (See 'Corp Brief') 'SAST Regulations - Since acquirer has been dissolved, no relief can be granted to appellant : SAT (See 'Legal Desk') C-DOT bags 3 awards for indigenously designed innovative Telecom solutions (See 'Corp Brief') MoS launches 'Investor Information and Analytics Platform' Developed by IIT Madras (See 'Corp Brief') IBC - Since Petitioner is guilty of fraudulent practices of violating market integrity, decision taken by Board not to register her as Insolvency Professional does not suffer from any irregularity : HC (See 'Legal Desk') 'Startup Mahakumbh' is reflective of India growth story: Goyal (See 'Corp Brief') PFUTP Regulations - Company has no actual gold stock and merely falsified such stocks in books of accounts and inflated its asset position with respect to gold stocks : SAT (See 'Legal Desk') EPFO organising Nidhi Aapke Nikat 2.0 in over 670 districts (See 'Corp Brief') SJVN inks Power Usage Agreement with J&K Power for 300 MW Solar Power (See 'Corp Brief') PMLA - Since medical facilities available at jail dispensary is not able to provide medical treatment needed by applicant, he can be allowed to get required treatment at Hospital outside jail : HC (See 'Legal Desk')

Raksha Mantri receives Rs. 224 Cr as dividend from BEL

Published: Mar 28, 2023

By TIOLCorplaws News Service

NEW DELHI, MAR 28, 2023: BHARAT Electronics Ltd (BEL), a Navratna Defence PSU, presented the second interim dividend cheque of Rs. 224,27,53,160.40/- to Raksha Mantri Rajnath Singh in New Delhi today on March 27, 2023. BEL has declared 60% percent as Second Interim Dividend (Rs. 0.60/- per share) to its shareholders for the financial year 2022 - 23.

This is the 20th consecutive year that BEL is paying Interim Dividend. BEL has paid 60% percent as First Interim Dividend (Rs. 0.60/- per share) in February 2023 to its shareholders for the financial year 2022 - 23. It has also paid a total dividend of 450% on its paid-up capital for the financial year 2021 - 22.