Baalu receives cheque of rupees 192.26 crore from SCI

March 28th, 2008 - 2:35 pm ICT by admin  

New Delhi, Mar 28 (ANI): Union Minister for Shipping, Road Transport and Highways Thiru T.R. Baalu here today received an interim dividend cheque of Rs. 192.26 crore from the Chairman and Managing Director of Shipping Corporation of India (SCI) S. Hajara.
A.K.Mohapatra, Secretary (Shipping), was also present on the occasion.
SCI declared an interim dividend of 85 per cent for the year 2006-07. This dividend amount of Rs.192.26 crore, reflects the earnings on the 80.12 per cent shareholding of the Government of India in the SCI.
It may be recalled that the SCI has declared a net profit of Rs. 729.93 crore for the nine months ending on 31.12.2006, during the financial year 2006-07.
The Shipping Corporation of India is the largest shipping company in India and has a share of about 35 per cent of the total Indian tonnage.
SCI is the first Indian shipping company to enter the LNG transportation business as partner in a joint venture, comprising of SCI, Mitsui OSK Lines, NYK Line and K-Line. (ANI)

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