• Sat. Jul 13th, 2024

GRSE Pays Interim Dividend of Rs 63 Crores for FY 2022-23: Hands Over Dividend Cheque to Government of India

Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, has paid an interim dividend of Rs.63 Crores for FY 2022-23 to its shareholders. The Interim Dividend Cheque amounting to Rs. 46.93 Crore as the government’s share was handed over to Defence Minister Rajnath Singh, by Cmde P R Hari, IN (Retd), Chairman & Managing Director of GRSE Ltd. Kolkata, today at New Delhi in the presence of  Giridhar Aramane, Defence Secretary,  T Natarajan, Additional Secretary (Defence Production),  R K Dash, Director (Finance), GRSE and senior officials from Ministry of Defence & GRSE.

GRSE has declared an interim dividend of Rs. 5.50 per equity share of Rs.10 for FY 22-23 against Rs.4.95 in FY 21-22. GRSE has been consistent in paying dividend to the Shareholders and has done so every year for the last 29 years. The company has strong order book position of Rs 22,242.42 Crs. as on 31 Dec 22 and has recently concluded another contract of over Rs 3500 Cr with Indian Navy for construction of 04 Next Generation Offshore Patrol Vessels.

Source: Indian Defence
Report- Pratyusha Mukherjee

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