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GRSE pays interim dividend of Rs 90.73 crores for FY 2023-24

GRSE pays interim dividend of Rs 90.73 crores for FY 2023-24

India Blooms news Service | @indiablooms | 02 Mar 2024, 02:08 am

New Delhi: Warship builder Garden Reach Shipbuilders and Engineers Ltd (GRSE) has paid an interim dividend of Rs 90.73 crore for FY 2023-24 to its shareholders.

The government-owned Miniratna Category I company, which functions under the administrative control of the Ministry of Defence, also handed over an interim dividend cheque of Rs 67.59 crore to Defence Minister Rajnath Singh.

GRSE has declared an interim dividend of Rs. 7.92 per equity share of Rs.10 for FY 23-24 against Rs.5.50 in FY 22-23.

“GRSE has been consistent in paying dividends to the Shareholders and has done so every year for the last 30 years. The company has a strong order book position of Rs 22792.89 Crore as on 31 Dec 23,” said an official press release.

GRSE is a People Capability Maturity Model (PCMM) Level-2 Certified Company.

It has the distinction of becoming the first shipyard of independent India to build a warship for the Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

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