Union Water Resources, River Development and Ganga Rejuvenation Minister Uma Bharati has praised the work carried out by WAPCOS Ltd, a PSU of her ministry, in Afghanistan under adverse circumstances.
Speaking on the occasion of the dividend and bonus share payment ceremony of the company in New Delhi today, Bharti urged WAPCOS to join her ministry in the Namami Gange Programme with full vigour.
Earlier, R.K. Gupta, Chairman-cum-Managing Director, WAPCOS Limited, presented a dividend cheque of Rs. 16.50 crore for the year 2014-2015 and bonus shares of Rs. 1000 lakhs to Bharti.
The dividend of Rs.16.50 crore is the highest ever since inception of the company with 10 percent growth over the previous year. WAPCOS is eligible for "Excellent" rating on the basis of its performance in all financial and dynamic parameters under an MOU such as turnover, profitability, new business, projects implementation, customer satisfaction, human resource management etc.
WAPCOS is now planning to increase its operations in Latin America and CIS Countries.