Ircon declares Rs 64 cr dividend for 2011-12

The dividend of Rs 64 crore is 650 per cent of its paid-up share capital of Rs 9.89 crore. The company announced the decision to pay the dividend in its 36th Annual General Meeting held yesterday.

According to a company statement, the cumulative dividend paid to the shareholders including the interim payment for the previous fiscal amounts to Rs 94 crore.

Besides dividend, the state-run company has also approved a bonus issue of 1:1, which would take the paid-up share capital to Rs 19.79 crore.

A P Mishra, Chairman Ircon and Member Engineering Railway Board, while addressing the shareholders highlighted the achievements of the company during 2011-12, in particular its the turnover of Rs. 3782 crores and a net profit of Rs 470 crore which is 95 per cent more than that of last year.

The PSU is involved in several international and domestic projects.