THE GOAN NETWORK
VASCO
Goa Shipyard Limited (GSL) CMD Brajesh Kumar Upadhyay presented the Final Dividend cheque of Rs 11.89 crore to Defence Minister Rajnath Singh for the Financial Year 2023-24.
The cheque was presented in a ceremony attended by Secretary (Defence) Giridhar Aramane, Defence Secretary (Designated) Rajesh Kumar Singh, Secretary (Defence Production) Sanjeev Kumar, and other senior officials from the ministry.
The final dividend, paid at 40% of the paid-up share capital, in addition to an Interim Dividend of 100% declared earlier, culminating in a total dividend payout of 140% for the year. This resulted into a total dividend payout of Rs 41.63 crore to the Government of India.
This achievement marks a substantial increase from the 108% dividend paid for FY 2022-23.
The GSL CMD expressed pride in the company’s achievements, attributing the success to a dedicated workforce and strategic initiatives that align with the Government’s ‘Atmanirbhar Bharat’ vision.
