Date:25/11/2004 URL: http://www.thehindubusinessline.com/2004/11/25/stories/2004112500940900.htm

Back SCI pays Rs 90-cr interim to Govt

Our Bureau

New Delhi , Nov. 24

SHIPPING Corporation of India (SCI) on Wednesday presented a cheque for Rs 90 crore to the Government as interim dividend for 2004-05.

The dividend cheque was presented to Mr T.R. Baalu, Union Minister for Shipping, Road Transport & Highways, by Mr P.K. Srivastava, Chairman & Managing Director, SCI.

SCI has earned a net profit of Rs 529 crore during the first half of the current fiscal, the highest-ever half-yearly profit for SCI, and has declared an interim dividend of 40 per cent for the year.

The Rs 90-crore dividend reflects the earnings on the 80.12 per cent shareholding of the Government in SCI, an official statement said here.