Page 6 - Bharat Dynamics

PM Modi to lay foundation stone of Bharat Dynamics' Rs 400 cr project

PM Modi will lay the foundation stone of a plant under Bharat Dynamics in Jhansi

MoD ropes in Bharat Dynamics to supply Akash Missiles; stock zooms 7%

The company has signed a contract worth about Rs 499 crore with Ministry of Defence for manufacture and supply of Akash Missiles to the Indian Air Force (IAF)

Bharat Dynamics Ltd signs Rs 499-crore deal with IAF for Akash missiles

Bharat Dynamics Limited signed a contract worth about Rs 499 crore with the Ministry of Defence for the manufacture and supply of Akash missiles to the Indian Air Force

Defence stocks rally as MoD puts 108 items on import ban list; BEL up 6 %

The MoD, on Monday, announced a list of 108 items of defence equipment that must be compulsorily procured from indigenous sources according to provisions in the Defence Acquisition Procedure 2020

Bharat Dynamics pays Rs 92 crore interim dividend to Central govt

Bharat Dynamics Limited (BDL), a Hyderabad based Defence Public Sector Undertaking on Monday had paid an interim dividend of Rs 92.008 crore to the government of India.According to the official release, BDL declared payment of interim dividend for the financial year 2020-21 at Rs 6.70 a share of the face value of Rs 10 each. The interim dividend declared by the firm works out to 67 per cent of the paid up share capital of Rs 183.28 crore.Commodore Siddharth Mishra (Retd), Chairman and Managing Director, BDL handed over the cheque for Rs 92.008 Crore, being the interim dividend pertaining to the Government of India shareholding in BDL, to Defence Minister Rajnath Singh at New Delhi on Monday.Raj Kumar, Secretary (Defence Production), Anurag Bajpai, Joint Secretary (P & C) from Ministry of Defence and Commodore TN Kaul (Retd), Executive Director (Mktg) and Colonel Ravi Prakash (Retd), Deputy General Manager (Liaison) from BDL were present on the occasion.

Centre's PSU disinvestment drive gets a helping hand from LIC, SBI

The two lapped up the bulk of shares during the offers for sale of HAL, Bharat Dynamics

Bharat Dynamics Limited pays final dividend of Rs 35 crore to government

Bharat Dynamics Limited, a Hyderabad based Defence Public Sector Undertaking has paid final dividend of Rs 35.018 crore to the government of India

Defence related stocks in focus; Bharat Dynamics, HAL gain up to 4%

Shares of Bharat Dynamics gained 4 per cent to Rs 311, while HAL was up 2 per cent at Rs 795 on the BSE. In comparison, the S&P BSE Sensex was up 0.50 per cent

Retail portion of Bharat Dynamics' offer for sale subscribed 40%

Meanwhile, shares of Bharat Dynamics fell 5 per cent on Wednesday, extending their two-day fall to 18 per cent

Bharat Dynamics extends decline; stock slips 18% in two days

If the retail portion is fully subscribed, the government's stake will fall below 75 per cent, making BDL compliant with the 25 per cent public shareholding norms.

Bharat Dynamics shares crash 13% as Centre launches OFS to divest stake

Rs 900-crore share sale gets bids worth Rs 720 crore from institutional investors; retail portion to be auctioned on Wednesday

MARKET: Sensex erases day's gains, ends 52 pts lower; Bharti Airtel dips 3%

All that happened in the markets today

Bharat Dynamics slips 14% as government's stake sale via OFS begins

The government is planning to sell 15 per cent stake in the defence company

Defence stocks rally up to 11% as govt bans import of 101 defence items

"This decision will offer a great opportunity to the Indian defence industry to manufacture items on the negative list by using its own design and development capabilities," the govt said.

Bharat Dynamics surges 16% as profit jumps 2-fold in Q4 to Rs 310 crore

The company's revenue from operations during the quarter under review rose 64 per cent to Rs 1,435 crore from Rs 877 crore in the corresponding quarter of the previous fiscal.

Bharat Dynamics makes weak debut; lists 16% below issue price

The stock listed at Rs 360, a 16% below against its issue price of Rs 428 per share on the BSE

Bharat Dynamics Rs 9.6-bn IPO gets subscribed only 1.3 times on last day

Hyderabad-based Bharat Dynamics is a manufacturer of defence equipment

Bharat Dynamics' Rs 9.6-billion IPO subscribed 47% a day before close

Hyderabad-based Bharat Dynamics is a manufacturer of defence equipment

Bharat Dynamics fixes price range at Rs 413-428 to raise Rs 9.6 bn from IPO

SBI Capital Markets, IDBI Capital Markets and Securities and Yes Securities will manage the public issue

Bharat Dynamics files IPO with Sebi, 4th PSU going for listing in 2018

Defence PSU Bharat Dynamics Ltd has filed draft papers with capital markets regulator Sebi to float an initial public offer. This is the fourth PSU that has approached Sebi for IPO in less than one month. The other three are - Mishra Dhatu Nigam Ltd, RITES Ltd and Indian Renewable Energy Development Agency (IREDA). Going by the draft papers, Bharat Dynamics's IPO will see sale of equity shares by the government and the public issue will help the company in achieving the benefits of listing. Bharat Dynamics was established in 1970 and is a manufacturer of guided missiles and allied defence equipment. The company's net worth stood at Rs 2,212.46 crore at the end of March 2017. SBI Capital Markets, IDBI Capital Markets & Securities and Yes Securities will manage the company's public issue. Earlier in April last year, the Cabinet had cleared the disinvestment of four PSUs, including Bharat Dynamics and Mishra Dhatu Nigam Ltd, under the defence ministry.