A dividend cheque for Rs.276.40 lakh was presented
to the Union Textile Minister, Shri Kashiram Rana, here today
by the CMD of the Handicrafts and Handloom Corporation of India
Ltd. (HHEC). This is the fifth consecutive year for which the
Corporation has paid dividend. This is the highest ever dividend
paid by the Corporation, which is Rs.40 lakh more than that in
the previous year.
HHEC is a public sector undertaking under the
Ministry of Textiles and a leading trading house engaged in exports
of handicrafts, handlooms, ready-to-wear garments, carpets, jewellery,
and imports of bullion, timber, cotton and mulberry raw silk.
During the year 2001-2002, the Corporation has achieved a turnover
of Rs.333.94 crore. In terms of profitability, the Corporation
achieved a net profit of Rs.3.01 crore.
