State-run WAPCOS Limited has paid a dividend of Rs 25.25 crore -- the highest ever since its inception -- for 2015-16 to the Union government.
A dividend cheque of Rs 25.5 crore was handed over to Union Water Resources Minister Uma Bharti at a ceremony held here, a statement said.
The Water Resources Ministry in the statement said that bonus shares certificate for Rs 100 lakh were also presented to Bharti.
During the year 2015-16, the consultancy services provider achieved highest ever profitability of Rs 129.19 crore and secured new business of Rs 1,747.46 crore. The net worth of WAPCOS has reached Rs 362.61 crore, it said.
WAPCOS, a PSU under the Water Resources Ministry, has declared a composite score of 100, which is the highest achievable score as per the MOU evaluation system of the Ministry of Heavy Industries and Public Enterprises.
The company forged ahead to secure new business in Asian and African countries like Angola, Afghanistan, Bangladesh, Benin, Bhutan, Sri Lanka, Swaziland, Tanzania, Trinidad and Tabago, etc.
Further, Bharti hailed the PSU for successfully completing construction of India-Afghanistan Friendship Dam, for which. RK Gupta, CMD, WAPCOS Ltd also attended the ceremony, it added.
Set up in 1969, WAPCOS provides consultancy services in the fields of water resources, power and infrastructure sectors.
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