IRCON PAYS OVER Rs.18 CRORES DIVIDEND
FOR 2002-2003
The Managing Director
of IRCON International Limited, Shri B.S. Kapur, accompanied by
the Chairman, Railway Board and Chairman, IRCON, Shri R.K. Singh,
presented an Annual Dividend Cheque for Rs.18 7552800 for the
year 2002-2003 to the Union Minister of Railways, Shri Nitish
Kumar, here this afternoon.
The dividend for
the year is 380 per cent of the paid up share capital, as against
350 per cent in 2001-2002. With this, the cumulative dividend
paid to the Government since the inception of the Company in 1976
amounts to Rs.96.44 crores.
Speaking on the occasion,
the Railway Minister complimented the Company for its excellent
performance and expressed the hope that it would continue to increase
dividend in the days to come.
During 2002-2003,
the turnover of the Company was over Rs.800 crores. Its profitability
increased and the Company earned a profit before tax of Rs.116
crores. Sixty-six per cent of the operating income of the Company
came from railway construction works, while 37 per cent of the
total turnover came from foreign projects. The Company’s net worth
on March 31, 2003 stood at Rs.672 crores. The Company continues
to be a leading foreign exchange earner. It earned a net foreign
exchange of Rs.189 crores in 2002-2003. Its cumulative net foreign
exchange earned since inception stood at Rs.1339 crores.
