NBCC present dividend cheque of Rs.55.97 crore to Jaipal Reddy

August 26th, 2008 - 6:35 pm ICT by ANI  

New Delhi , August 26 (ANI): National Buildings Construction Corporation Limited (NBCC) on Tuesday presented a dividend cheque of Rs.55.97 crore to Union Minister for Urban Development S. Jaipal Reddy.

The cheque was presented by the Chairman-cum-Managing Director of NBCC, Arup Roy Choudhury.

The company has declared a whopping gross profit of Rs.418 crore with a total income of Rs.2025 crore.

Reddy congratulated the NBCC team for scaling new heights and asked to maintain the status and standard of the largest Central Public Sector Undertaking (CPSU) in the construction and infrastructure sector.

The Minister also advised the CMD to take up more projects with architectural excellence in the North-Eastern States to bring the region at par with other States.

The board of NBCC also declared a dividend of Rs.55.97 crore to be paid to the Government, which is 62 per cent of its paid-up capital of Rs.90.00 crore. (ANI)

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