BDL Pays High Dividend to GOI & Expands Capacity

Shri SN Mantha, Chairman and Managing Director, Bharat Dynamics Limited (BDL) presented a dividend cheque of Rs.47 Crore (USD 8.7 million) for the financial year 2011 – 12 to the Defence Minister Shri A K Antony on 25OCT12 according to a Press Release.

This is the highest dividend ever paid by the company, a Mini-Ratna Category–1 Company, which has achieved a record turnover of Rs.959 Crores (USD 178.4 million) during the financial year 2011– 12.

In order to meet the growing demands of the Indian Armed Forces, BDL has recently embarked on an expansion drive. The company is setting up its fourth manufacturing unit at Amravati in Maharashtra and the fifth one at Ibrahimpatnam in Andhra Pradesh.

Recently, the company has signed two contracts with the Armed Forces for refurbishment of vintage missiles held by the Services, adding another business line to its field of activity.

In pursuit of self-reliance in the field of critical technologies, Bharat Dynamics Limited had also started production of Imaging Infrared Seekers for the Nag Anti-Tank Guided Missile, a move which will put it in the elite group of companies manufacturing the Infrared seekers.

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