Financial Daily from THE HINDU group of publications
Thursday, Nov 25, 2004
Financial Daily from THE HINDU group of publications Thursday, Nov 25, 2004 |
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Corporate
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Announcements Logistics - Shipping SCI pays Rs 90-cr interim to Govt Our Bureau
New Delhi , Nov. 24 SHIPPING Corporation of India (SCI) on Wednesday presented a cheque for Rs 90 crore to the Government as interim dividend for 2004-05. The dividend cheque was presented to Mr T.R. Baalu, Union Minister for Shipping, Road Transport & Highways, by Mr P.K. Srivastava, Chairman & Managing Director, SCI. SCI has earned a net profit of Rs 529 crore during the first half of the current fiscal, the highest-ever half-yearly profit for SCI, and has declared an interim dividend of 40 per cent for the year. The Rs 90-crore dividend reflects the earnings on the 80.12 per cent shareholding of the Government in SCI, an official statement said here.
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