25 per cent jump in dividend of railways PSUs

Despite the economic slowdown, railway public sector undertakings (PSU) have performed well and paid about 25 per cent more dividend in 2012-13 as compared to the previous year.
All seven PSUs of railways gave cheques amounting to a total of Rs 505.31 crores as dividend for the year 2012-13 to Railway Minister Mallikarjun Kharge here today.
The total dividend paid in 2012-13 jumped by Rs 99.53 cr as against Rs 405.78 cr paid in 2011-12.
"Despite the slowdown, railway PSUs have performed well and are paying approximately 25 per cent more dividend in 2012-13 as compared to the previous year," a senior railway ministry official said.

The heads of all seven PSUs -- Container Corporation of India Ltd (Concor), Ircon International Ltd, RailTel Corporation of India Ltd (RCIL), RITES, Rail Vikas Nigam Ltd (RVNL), Indian Railways Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) -- met Kharge and personally presented the cheques.
The maximum dividend was paid by Ircon Chairman-cum- Managing Director, Mohan Tiwari, who handed over a cheque of Rs 148.06 crore. He was followed by Concor CMD Anil K Gupta, who gave the minister a cheque for Rs 143.48 crore.
The cheque for the lowest amount was from IRCTC, which returned a dividend of Rs 11.77 crore.

IRFC MD Rajiv Dutt presented a cheque for Rs 110 crore while the RITES cheque, presented by CMD RK Mehrotra, amounted to Rs 50 crore, RVNL CMD Satish Agnihotri handed over a cheque for Rs 27 crore while RK Bahuguna of RCIL gave a cheque for Rs 15 crore.