Dredging Corporation declares 20% dividend for 2017-18 FY

The Centre holds 73.47 per cent of the share capital in DCI

GN Bureau | September 7, 2018


#Dredging Corporation   #DCI   #PSU  

The Dredging Corporation of India has declared 20 per cent dividend on the paid up capital of Rs 28 crore for 2017-18 FY.

 
A cheque of Rs 4.11 crore was handed over to minister of shipping, road transport & highways, water resources, river development & Ganga rejuvenation Nitin Gadkari by DCI CMD Rajesh Tripathi. At its 42nd annual general meeting held earlier this month, DCI declared a dividend of Rs 2 per equity share of Rs 10 each, amounting to Rs 5.6 crore for the year 2017-18. The Centre holds 73.47 per cent of the share capital in DCI.
 
The company clocked a profit of Rs 1664.27 lakh after tax for the year as compared to Rs 712.26 lakh for the previous fiscal. DCI’s operational income stood at Rs 59187.36 lakh as compared to Rs 58514.77 lakh for the previous year. The company’s earning per share for 2017-2018 has increased to Rs 5.94 as compared to Rs 2.54 for the previous year.

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