PSU PRESS RELEASE
MDL Pays Devidend of Rs. 165.41 Crore to Government of India
Mumbai: Mazagon Dock Shipbuilders Limited, the country’s premier Defence Shipyard has declared a dividend of Rs. 165.41 crore @ 66.43 % on equity share capital for FY 2016-17. The cheque for the amount was handed over to Mrs. Nirmala Sitharaman, the Hon’ble Raksha Mantri on 28 Feb 2018 by the Chairman and Managing Director, Cmde Rakesh Anand, IN (Retd) in presence of Shri Sanjiv Mittal, Additional Secretary (Defence Production), Mr Vijayendra, JS (NS) and Capt Rajiv Lath, Director (Submarine & Heavy Engineering).
The Company recorded a turnover (VOP) of Rs. 3523.67 crore with profit after tax of Rs. 525.12 crore in FY 2016-17.
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