Bharat Dynamics Pays Rs 23 cr Dividend

New Delhi, Oct 12 (UNI) Bharat Dynamics Limited Chairman-cum- Managing Director Maj Gen (Retd) Raajnish Gossain today presented a dividend cheque for Rs 23 crore for the financial year 2006-07 to Defence Minister AK Antony here.

BDL, a mini-Ratna category-1 company, is amongt the very few companies in the world having the capability to produce state-of-the-art guided weapons systems. The company has been regularly paying dividend to the government for over a decade.

BDL has achieved a turnover of Rs 433 crore this year.

This year the company was awarded the prestigious Raksha Mantri's award for excellence in design effort category for the year 2004-05, the Golden Peacock Innovation Award by the Institute of Directors, the FAPCII award for "Excellence in Research&Development (Silver Rolling Trophy)" by the government of Andhra Pradesh and the SODET award for technology development and innovation for the year 2005-06 in Silver Category.

BDL has also received the Raksha Mantri's Award for Excellence for import substitution for the year 2005-06.

UNI