Rajnath Singh reviews performance of DPSUs; 7 receive dividend cheques worth to Rs 1,620 cr

New Delhi [India], October 29 (ANI): Defence Minister Rajnath Singh reviewed the performance of Defence Public Sector Undertakings (DPSUs) at South Block, New Delhi on Tuesday, a press release said.
Singh emphasised the importance of the development of new technology by DPSUs and indigenisation and lauded the role of DPSUs in the preparedness of the Armed Forces.

According to the Ministry of Defence, the Defence Minister also directed the DPSUs to put dedicated efforts and resources towards Research and Development (R&D), Export & Indigenisation. He further exhorted them to increase the production capacity, quality of products and timely deliveries to Armed forces.
Singh congratulated CMD, Hindustan Aeronautics Limited (HAL) on getting the Maharatna Status and becoming the 14th Maharatna PSU of India and first among the DPSUs. He also encouraged other DPSUs to become maharatna and navratna.
Secretary (Defence Production) Sanjeev Kumar briefed the minister about the overview of DPSUs including financial performance, present status & category of DPSUs and further efforts by them in the areas of R&D & Indigenisation etc.
At the end of the review, DPSUs namely HAL, Bharat Electronics Limited, BEML Limited, Bharat Dynamics Limited, Mazagon Dock Shipbuilders Limited, Garden Reach Shipbuilders & Engineers Ltd and Goa Shipyard Limited handed over Dividend Cheques amounting to Rs 1620 Cr to the Defence Minister. (ANI)