WAPCOS pays over Rs 25 crore dividend to government -Governance Now

WAPCOS pays over Rs 25 crore dividend to government

The PSU under the aegis of union water resources ministry, achieved highest ever profitability of Rs 129.19 crore and secured new business of Rs 1,747.46 crore in financial year 2015-16

GN Bureau | August 17, 2016

#WAPCOS #divident #union water resources ministry

State-run WAPCOS Ltd, under the aegis of union water resources ministry, has paid a dividend of Rs 25.25 crore for 2015-16 to the government. This is the highest ever since its inception.

A dividend cheque was handed over to water resources minister Uma Bharti at a ceremony held in Delhi on Tuesday. The bonus shares certificate for Rs 100 lakh was also presented to the minister.

WAPCOS, the consultancy services provider, achieved highest ever profitability of Rs 129.19 crore and secured new business of Rs 1,747.46 crore in the financial year 2015-16.

It declared a composite score of 100, which is the highest achievable score as per the MOU evaluation system of the ministry of heavy industries and public enterprises.

WAPCOS, set up in 1969, provides consultancy services in the fields of water resources, power and infrastructure sectors.

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