Business Standard

NSIC pays Rs 17.02 cr dividend to govt

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Press Trust of India New Delhi
National Small Industries Corp (NSIC), which supplies raw materials to small and medium enterprises today presented a dividend cheque of Rs 17.02 crore to Union Minister Kalraj Mishra here.

"This is the highest dividend ever paid by NSIC. The corporation has done an overall business of Rs 20,004 crore in 2014-15, posting 15 per cent growth from its previous year.

"Its Profit Before Tax for the year was Rs 149.13 crore, posting an increase of 32 per cent from the previous year," NSIC Chairman and Managing Director Ravindra Nath said.

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First Published: Oct 01 2015 | 6:57 PM IST

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