Business Daily from THE HINDU group of publications
Tuesday, Sep 05, 2006
Business Daily from THE HINDU group of publications Tuesday, Sep 05, 2006 |
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Corporate Results
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PSU States - Other States GSIDC posts Rs 113-lakh profit for '04-05 Our Correspondent
Panaji , Sept. 4 The Goa State Infrastructure Development Corporation Ltd (GSIDC), the state-owned corporation undertaking infrastructure development projects for the Government, made a profit of Rs 113.27 lakh for the year 2004-05 against Rs 45.25 lakh during the corresponding previous year. The GSIDC is one of the few corporations of the Goa Government, which has declared dividend on the investment made in its third year of operation itself. It has paid dividend for the second year in succession. The GSIDC has paid a dividend of Rs 30.50 lakh on its capital to the State Government for 2004-05. At a function held recently, the Finance Secretary, Mr Ramesh Negi, handed over a cheque towards the dividend to the Chief Minister, Mr Pratapsingh Rane. Mr Alex Sequeira, Vice-Chairman, GSIDC, and Managing Director Mr Maneesh Bahuguna were also present. Payment of dividend at 10 per cent on the paid-up share capital was approved in the annual general meeting held on August 9. It has an equity of Rs 3.10 crore.
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