HAL Pays Highest Dividend to Government of India

Hindustan Aeronautics Limited (HAL) paid the second interim dividend of Rs. 653.36 crores for the Financial Year 2021-22 to the Government of India.

The dividend cheque was handed over to the Defence Minister, Mr. Rajnath Singh by Mr. R. Madhavan, CMD, HAL and Mr. C. B. Ananthakrishnan, Director (Finance), HAL in the presence of Dr. Ajay Kumar, Defence Secretary in Delhi today. The Company had declared the second interim dividend of Rs. 26/- per equity share of Rs. 10/- each amounting to Rs. 869.41 crores on February 10, 2022, in addition to the first interim dividend of Rs. 14/- per equity share of Rs. 10/- each amounting to Rs. 468.14 crores earlier declared on November 11, 2021, total amounting to Rs. 1337.55 crores which included GoI share of Rs. 1005.17 crores.


“It is the highest dividend declared by the Company after listing of its shares on the Stock Exchange(s) and is more than what has been prescribed under DPE guidelines”, says Mr R. Madhavan.


Mr. Sanjay Jaju, AS (DP), Mr. Chandraker Bharti, JS (Aero), MoD and Mr. Alok Verma, Director (HR), HAL were also present on the occasion.


Source: HAL Media Release