IRCON crosses Rs 2,000 cr mark in turnover for 2007-08

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New Delhi, Sep 25 (UNI) IRCON, a public sector undertaking of Railway Ministry, has crossed Rs 2,000 crore mark in turnover and achieved a profit before tax of Rs 160.5 crore during 2007-08.

The company's dividend declaration for the year 2007-08 including interim dividend amounts to Rs 29.69 crore, its highest ever, at the rate of 300 per cent of the paid-up share capital, which is 26.09 per cent of its post tax profits, IRCON Chairman K C Jena said while addressing the shareholders on the occasion of its 32nd Annual General Meeting held recently here.

Mr Jena, who is also Railway Board Chairman described IRCON as one of the flagship companies of Railways Ministry for executing nation building projects, despite hardships, in difficult areas not only within the Country but also in places like Afghanistan, Mozambique, and Ethiopia.

Turnkey projects being executed in Jammu and Kashmir, which have contributed more than 25 per cent to the total turnover for 2007-08, are a testimony to this fact, he said.

UNI MP RL NS2115

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