ITDC declares 5 per cent dividend

India Tourism Development Corporation, the PSU under Tourism Ministry, today declared 5 per cent dividend amounting to Rs 4.29 crore for 2013-14.
The five per cent dividend was approved in the annual general meeting of the ITDC here, a senior Tourism Ministry official said.
The turnover of the corporation has increased by 6.57 per cent to Rs 470 crore approximately. The net profit before tax increased by 118 per cent to Rs 11.93 crore while profit after tax increased by 214 per cent to Rs 9.42 crore.
The official said efforts are on to venture into new areas of expansion like the launch of new Duty Free Shops. Steps are also being taken to upgrade the existing properties and explore the possibilities of attracting private investments.

As a part of its corporate social responsibility (CRS), ITDC is building toilets in Purabdiha Girls School in Chainpur, Sinduria Girls School in Daltonganj, Kuchu Balika vidyalaya in Hundru Falls in Jharkhand and also providing training to thousands of unemployed youth under "Hunar Se Rozgar" initiative of the Ministry.