The BEML Board of Directors will organize a fundraiser on March 22

The company announced on Wednesday that a board meeting will be held on Tuesday, March 22 to consider recommending an interim dividend for the 2021-22 financial year.

The Board of Directors has set Thursday March 30, 2022 as the record date for the purposes of verifying the eligibility of shareholders for the payment of an interim dividend.

BEML is a Department of Defense Schedule “A” multi-technology company. It operates under three business segments, viz. defense & aerospace, mining & construction and rail & metro. As of December 31, 2021, the Indian government held 54.03% of BEML’s capital.

BEML’s consolidated net profit soared by 183.73% to Rs 78.51 crore on a 55.59% jump in net sales to Rs 1,133.09 crore in Q3 FY22 from Q3 FY21.

Shares of BEML were trading up 1.48% at Rs 1,556.50 on BSE.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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