Governance Now Masterminds

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.

Comments

 

Other News

There is huge hunger for news, says Ashish Bhasin

India is a news-hungry nation with more than 1 lakh newspapers, apart from many news channels. News consumption is high – more so in smaller cities, and the industry needs to capitalize on its huge untapped potential, believes Ashish Bhasin, CEO, APAC, and chairman, India Dentsu Aegis Network.

Amnesty wind-up: NHRC notice to home ministry

As the Amnesty International downs the shutters on its India operations, the National Human Rights Commission (NHRC) has taken suo motu cognizance of the matter and sought the home secretary’s response on the allegations levelled by the global organisation. Amnesty International in Ind

Covid-19 triggers research culture in Ayurveda, traditional medicines

The Covid-19 pandemic has brought the spotlight on the health-promotive and disease-preventive solutions of Ayush (Ayurveda, Yoga, Unani, Siddha, Homeopathy) disciplines. What has not come into the limelight is the emerging nationwide trend in the Ayush disciplines, of taking up evidence-based studies.

Derivative market for electricity in India: Will it lead to innovation or speculation?

The Indian electricity sector is going through an interesting phase right now. Many reforms are being introduced to increase competitiveness and transparency in the sector. The power market in India is a surplus market now and the spot prices are going down day by day. With all these indicators signaling a

A walk down the rich history of Ayurveda

The Indic Quotient: Reclaiming Heritage through Cultural Enterprise By Kaninika Mishra Bloomsbury India, 230 pages, Rs. 499    Over the past decade, India has seen a significant rise in passion for enterprise as well as pride in her

Is China gearing up for prolonged conflict with India?

International observers will keenly watch the Chinese Communist Party Central Committee meeting next month. The central committee is the highest organ of the CCP with a mandate to execute the decision of the National Congress which is convened once every five years.   Besides economy, r

Governance Now Masterminds

Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter