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CWC handed over a dividend cheque of Rs.53.14 crore to Shri Ram Vilas Paswan

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CWC handed over a dividend cheque of Rs.53.14 crore to Shri Ram Vilas Paswan

Shri Harpreet Singh, Managing Director, CWC presented dividend cheque of Rs.53.14 crore to Shri Ram Vilas Paswan, Union Minister for Consumer Affairs, Food & Public Distribution on 15th November, 2017 for dividend due to the Govt. of India on its 55% share in the capital of CWC, in the presence of Shri Ravi Kant, Secretary Department of Food & Public Distribution . Other senior officers of the Ministry and CWC were also present on this occasion. Shri Ram Vilas Paswan congratulated CWC for its good performance in the year 2016-17.

The Central Warehousing Corporation (CWC) achieved a turnover of Rs.1606 crore during 2016-17. It earned profit after tax (PAT) of Rs.231 crore which is an increase of 16.67% over previous year. During 2016-17, CWC constructed additional storage capacity of 95000 MT with a CAPEX of Rs.103 crore.

CWC has declared dividend for the year 2016-17 @ 142% of its paid up capital as against 88% paid last year. This is the highest ever dividend CWC has paid to its shareholders.

AK

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

First Published: Wed, November 15 2017. 00:20 IST