TIDCO reports 117.93 crore net profit for FY 2015-16

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Press Trust of India Chennai
Last Updated : Jan 31 2017 | 9:13 PM IST
Tamil Nadu Industrial Development Corporation, run by the State government, today said it has registered net profit at Rs 117.93 crore for the period 2015-16.
"TIDCO registered total revenue of Rs 137.47 crore for the financial year 2015-16 with net profit of Rs 117.93 crore," an official release said.
Industrial Department Principal Secretary and TIDCO Managing Director Vikram Kapur handed over the dividend cheque of Rs 35.38 crore to Industries Minister M C Sampath yesterday, the release said.
The city-based company has been presenting dividend to the State governement since financial year 2013-14.
Established in 1965, TIDCO is engaged in promoting the large and medium scale industries in Tamil Nadu in association with private sector.

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First Published: Jan 31 2017 | 9:13 PM IST

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