IRCON RECORDS HIGHEST DIVIDEND
The IRCON International
Limited, a Public Sector Undertaking under the Ministry of Railways,
has declared a dividend of 380 per cent of the paid-up share capital
for the financial year 2003-2003 as against 350 per cent in 2001-2002.
Speaking at the 27th
Annual General Meeting of the Company, the Chairman, Railway Board
and Chairman, IRCON International Ltd., said that the company
achieved a turnover of over Rs.800 crores during the year. Its
profitability increased and the Company earned a profit before
tax of Rs.116 crores and 66 per cent of its operating income came
from railway construction work. Thirty seven per cent of the total
turnover of the Company was from foreign projects. The network
of the Company as on March 31, 2003 stood at Rs.672 crores.
The Chairman further
said that IRCON continued to be a leading foreign exchange earner.
During the year, the net foreign exchange earned by the Company
was Rs.189 crores and the cumulative net foreign exchange earned
so far since its inception stood at Rs.1339 crores.
