IRCON declares highest-ever dividend

New Delhi, Oct 1 (UNI) IRCON International Limited, a public sector undertaking under the Railway Ministry, has declared the highest- ever dividend at the rate of 260 per cent of the enhanced paid up share capital amounting to Rs 25.735 crore 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 Rs 9.898 crore following issue of bonus to the shareholders in the ratio of 1:1.

The net worth of company stood at Rs 830 crore as on March 31 this year.

During the year 2005-06, IRCON completed six projects abroad out of which three road projects were in Bangladesh and Indonesia.

The three other projects were for providing engineering services in Brazil, Liberia, Britain and Ireland.

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

Within the country, IRCON is executing several projects of national importance, such as Golden Quadrilateral road project, Married Accommodation projects for defence personnel, the Pradhan Mantri Gram Sadak Yojana (PMGSY) and a new broad gauge rail link in Jammu and Kashmir.

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