The National Projects Construction Corporation (NPCC) Limited has declared a dividend after almost 50 years and presented a cheque of Rs 1.02 crore to Water Resources Minister Uma Bharti for the year 2015-16.
NPCC CMD H L Chaudhary presented the dividend cheque to Bharti yesterday here at an event which was also attended by Minister of State for Water Resources Sanjeev Kumar Balyan and ministry Secretary Shashi Shekhar.
Bharti applauded the NPCC for declaring dividend after a gap of almost 50 years, an official statement said.
Incorporated in 1957, the NPCC is a pioneer state-run company in the field of construction.
"It faced many ups and downs in the last fifty years and was revived by the Government of India in 2009-10. Since then it is continuously earning profits," the statement said.
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