A 20 per cent dividend has been declared by the Dredging Corporation of India (DCI) for 2012-13. The DCI registered 31 per cent growth in its operational income, which rose from Rs 485 crore to Rs 635 crore, DCI said in a press release.
The dividend was declared at the DCI’s yearly general meeting in New Delhi on September 26. The total income rose from Rs 498 crore to Rs 638 crore. The profit after tax rose from Rs 13 crore to Rs 21 crore. The earnings per share were Rs 7.32, up from Rs 4.71, stated the press release.
Maintenance dredging works were taken up at Kolkata, Visakhapatnam, Gangavaram, Kochi, the Chettinadu coal terminal at Ennore, and Kandla by the DCI. It also undertook capital dredging at Paradip, Ennore, Kochi and Kandla.
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