GRSE pays Rs 59.31 crores as Dividend for 2018-19

Ankur Bhattacharya Kolkata, 11 February : Chairman and Managing Director of Kolkata based public sector Garden Reach Shipbuilders and Engineers Limited Rear Admiral V K Saxena, IN (Retd.)has paid a Dividend of Rs. 59.31 crores to the Centre on behalf of the company for the Financial Year 2018-19.

Accordingly, a cheque for the same amount was handed over to Defence minister Rajnath Singh at a function in New Delhi yesterday by Rear Admiral Saxena in presence of several senior officials of the Defence ministry including Barun Mitra, Special Secretary (Defence Production), Amit Sahai, Joint Secretary (Naval Systems) and S S Dogra Director (Finance).

Informing this GRSE sources told here today that this Mini Ratna Defence PSU Shipyard had been paying Dividend to the government every year for the past 26 years.

GRSE is the only Defence Shipyard in the country to have delivered more than 100 warships, including103 warships to the Indian Navy and Indian Coast Gurad so far since its inception in 1960. Currently the company has a strong order book position worth Rs. 27,047 crores.