Dredging
Corporation pays Rs. 4.40 cr dividend to Govt.
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The dividend cheque was handed over to Hon’ble
Minister of Shipping, Thiru G.K.Vasan by
Capt.D.K.Mohanty, CMD of the Company. Dr.Vishwapati Trivedi, IAS, Secretary
(Shipping), Shri M.C.Jauhari, IAS, Joint Secretary (Shipping), Cmde.P.Jayapal,
Director (Operations and Technical), DCI and other senior officials were also
present.
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Visakhapatnam, October 23:
Dredging Corporation of India
Limited (DCIL) has paid Rs. 4.40 crore to the Union Government towards dividend
for 2012-13. The dividend cheque was handed over to Hon’ble Minister of
Shipping, Thiru G.K.Vasan by
Capt.D.K.Mohanty, CMD of the Company. Dr.Vishwapati Trivedi, IAS, Secretary
(Shipping), Shri M.C.Jauhari, IAS, Joint Secretary (Shipping), Cmde.P.Jayapal,
Director (Operations and Technical), DCI and other senior officials were also
present. A Press Release issued from DCI corporate office here stated on
Wednesday i.e 23rd October 2013.
The paid-up capital
of the Company is Rs.28.00 crores divided into 2, 80,00,000 equity shares of
Rs.10/- each of which 78.56% i.e. 2,19,97,700 shares are held by President of
India.The year witnessed 31% growth in the operations of the company with the operational
income increasing to Rs.634.91 crore as compared to Rs.484.69 crore for the
previous year. The other income is Rs.31.03 crore as compared to Rs.12.92 crore
for the previous year.
The Company achieved a total income of Rs.638.01 crore for the
year 2012-13 as compared to Rs.497.61 crore for the previous year. The profit
after tax increased to Rs.20.50 crore as compared to Rs.13.18 crore for the
previous year i.e. a rise of 56%.
The Members of the company at the 37th Annual General
Meeting held on 26th September, 2013, declared dividend @20% on the paid-up
capital of the Company for the year 2012-13. The dividend payable would be 20%
of Rs.28 Crore i.e., Rs.5.6 crore. Out of this an amount of Rs. 4,39,95,400/-
is payable to President of India as dividend for the year 2012-13. Present
on the occasion were Shri P.P.Govinda Chari,GM(F), DCI and K.Aswini Sreekanth,CS,DCI.
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