Pipavav Railway Corporation Limited, a joint venture of Railways and Gujarat Pipavav Port Limited, has earned Rs 232 crore during fiscal 2013-14, registering a growth of 30 per cent compared to corresponding period of previous year and a net profit of Rs 80.78 crore.
The earning per share for the fiscal 2013-14 is Rs 4.12 as against previous year of Rs 2.37, according to a release. The company is debt free.
The Company has declared an interim dividend for the financial year 2014-15 at the rate of 20 per cent (Rs 2 per share) out of profits of the Company, amounting to Rs 40 crore to its shareholders.
PRCL has constructed 270 KM broad gauge rail network line from APM Terminals, Pipavav to Surendranagar in Gujarat and operates and maintains it and has license to run container trains.
