Goa Shipyard Limited Paid Final dividend for FY 2023-24
In a significant demonstration of its strong financial performance, CMD Goa Shipyard Limited Shri Brajesh Kumar Upadhyay presented the Final Dividend cheque of Rs 11.89 crore (Eleven Crore Eighty Nine Lakh) to Hon’ble Raksha Mantri Shri Rajnath Singh for the Financial Year 2023-24 in a ceremony attended by Shri Giridhar Aramane, Secretary (Defence); Shri Rajesh Kumar Singh, Defence Secretary (Designated); Shri Sanjeev Kumar, Secretary (Defence Production) 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 Government of India.
This remarkable achievement marks a substantial increase from the 108% dividend paid for FY 2022-23, underscoring GSL’s robust financial trajectory and its commitment to delivering exceptional value to the nation and stakeholders. As a premier shipbuilding organization under the Ministry of Defence, GSL remains steadfast in its mission to contribute to India’s maritime security by enhancing shipbuilding capabilities, promoting self-reliance, and exceeding performance benchmarks.
CMD, GSL, 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.
