IREL issues 100% bonus shares, pays Interim dividend to Secretary, DAE for 2020-21

Mumbai, 30 December 2020


Indian Rare Earths Ltd.(IREL), a Central Public Sector Enterprises under Department of Atomic Energy, issued 100% equity bonus shares amounting to Rs. 86.36 Crore on 28th December, 2020. IREL also paid to the Government of India an interim dividend of Rs. 50.00 Crore for the year 2020-21. On the occasion, share certificate for allotment of bonus shares and the interim dividend cheque of Rs. 50 Crore were presented to Shri K.N. Vyas, Chairman, AEC and Secretary, DAE by Shri D. Singh, CMD, IREL in the presence of Shri A.R. Sule, Joint Secretary I&M), DAE and Shri A. RoyChowdhury, Director (Finance), IREL. Despite pandemic COVID-19 situation, IREL made all efforts in 2020-21 to sustain the performance achieved during the previous year 2019-20 and similarly complied with the advisory issued by Department of Investment and Public Asset Management to pay interim dividend.

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