PDIL pays dividend cheque of Rs 1.73 cr to Steel Minister

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New Delhi, Sep 11 (UNI) Projects and Development India Ltd (PDIL), an engineering and consultancy organisation, today presented a maiden dividend cheque of Rs 1.73 crore to Minister for Chemicals, Fertilisers and Steel Ram Vilas Paswan.

Speaking on the occasion here, Mr Paswan said PDIL has earned a profit above Rs 12 crore in 2007-08 registering a turnover of Rs 54.72 crore as compared to Rs 46.26 crore in the previous year.

The Minister said this excellent performance could be possible due to continuous efforts made by the company in getting jobs from diversified sectors as well as strengthening its business position in the core fertiliser sector.

PDIL is expected to play major role in the further development of fertiliser industry in view of announcement of the new urea pricing policy that will quicken the revival of various closed fertiliser units at Barauni, Sindri, Durgapur, Gorakhpur, Haldia, Ramagundam and Talcher, an official statement said.

The company is also targeting jobs abroad in the fertiliser sector.

UNI SBA MP AS2103

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