Electronics Corporation of India Ltd (ECIL) has handed over a cheque of Rs 6.47 crore to the Department of Atomic Energy towards dividend for the financial year 2012-13.
According to a statement, P. Sudhakar, Chairman and Managing Director of ECIL, along with Director (Finance) and Director (Personnel), handed over the cheque to R.K. Sinha, Chairman, Atomic Energy Commission, and Secretary to the Government of India, Department of Atomic Energy.
A public sector enterprise under the Department of Atomic Energy, ECIL posted a highest-ever turnover of Rs 1,729 crore during the financial year 2012-13. This reflected a growth of 17 per cent over Rs 1,474 crore in 2011-12.
The company earned a gross profit of Rs 162 crore during 2012-13 against Rs 113 crore in 2011-12, registering an increase of 43 per cent.
ECIL reported a profit after tax (PAT) of Rs 26 crore (after amortisation of Rs 80 crore on account of gratuity provision) against Rs 36 crore (after amortisation of Rs 27 crore towards gratuity provision) during the previous year, an increase of 68 per cent.
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