GRSE Pays Interim Dividend of Rs 44.10 Crores for FY21 to Government of India

   By Prabhjot kaur ,  31-Mar-2021
GRSE Pays Interim Dividend of Rs 44.10 Crores for FY21 to Government of India

The Interim Dividend Cheque amounting to Rs. 32,85,63,774/- as the government’s share was handed over to Hon’ble Raksha Mantri Shri Rajnath Singh.

GRSE, a Mini Ratna Defence PSU Shipyard has paid an interim dividend of Rs. 44.10 Crores for FY 2020-21 to its shareholders. The Interim Dividend Cheque amounting to Rs. 32,85,63,774/- as the government’s share was handed over to Hon’ble Raksha Mantri Shri Rajnath Singh, by Rear Admiral V K Saxena, IN (Retd.) Chairman & Managing Director of Garden Reach Shipbuilders & Engineers Ltd., Kolkata, today at New Delhi in the presence of Shri Raj Kumar Secretary (Defence Production). 

Notwithstanding the impact of the COVID 19 pandemic, GRSE has declared an interim dividend of Rs. 3.85 per equity share of Rs.10 for FY 20-21. GRSE has been consistent in paying dividends to the Shareholders and has done so every year for the last 27 years. 

Since its inception in 1960, GRSE has the distinction of being the only Defence Shipyard to have delivered more than 100 warships (107 warships as of date). The shipyard has an order book position which stands at Rs. 25,887/- crores as of 31 Dec 20.






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