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NBCC declares Rs 74.34 cr dividend

By IndianMandarins- 15 Oct 2018
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State owned PSU, NBCC (India) Ltd. has declared its final dividend and paid the amount of Rs 74.34 crores to the Government of India (GOI) for FY 2017-18. CMD, NBCC (India) Ltd Dr Anoop Kumar Mittal handed over the cheque to Shri Hardeep Singh Puri, Minister of State, Ministry of Housing and Urban Affairs (MoHUA) in presence of Shri. Durga Shanker Mishra, Secretary, HUA; Director, NBCC; and other senior officers of the Ministry and NBCC.

 

It may be mentioned that the Company has paid a total amount of Rs. 111.11 crores as dividend for the FY 2017-18 which includes interim dividend of Rs 36.77 crores paid earlier. The final dividend paid by the company for FY 2017-18 is @56% which translates to Rs 0.56 per paid up equity share of Rs 1/-each.

 

“We are majorly known as Project management Consultancy (PMC) working in projects across sectors like road, housing, power, railways etc. NBCC have a huge order book of Rs 80,000 crore and declaring dividend shows the growth and operational efficiency of the company. Shareholders being the key stakeholders, we always strive to put our best effort to take the company at new heights,” said Dr Anoop Kumar Mittal.

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