IRCON declares highest ever dividend

New Delhi, Sep 29 (UNI) IRCON International Limited, a Public Sector Undertaking under the Ministry of Railways, has declared the highest ever dividend at the rate of 260 per cent of the enhanced paid up share capital which amounts to Rs. 25.735 crore and 32 per cent post tax profit during the year 2005-06.

The share capital of the Company increased last year with effect from April 1, 2005, from Rs. 4.949 crore to 9.898 crore consequent upon issue of bonus to the shareholders shares in the ratio of 1:1.

The net worth of Company stands at Rs. 830 crore as ont March 31, 2006.

During the year 2005-06, IRCON has completed six projects abroad out of which three road projects have been completed in Bangladesh and Indonesia and three others for providing engineering services in Brazil, Liberia, and UK and Ireland.

Currently, IRCON is executing projects in Bangladesh, Ethiopia, Malaysia, Mozambique, Nepal, Afghanistan and UK.

In India, IRCON is executing several projects of National importance, such as Golden Quadrilateral Road Project, Married Accommodation projects for defence personnel and Pradhan Mantri Gram Sadak Yojana etc. and the most prestigious works on a new broad gauge Rail Link in Jammu and Kashmir.

UNI SH PM KP2120