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WAPCOS Pays Highest ever dividend of Rs. 42 Crore

Sep 27th, 2017 7:34 am | By | Category: LATEST NEWS



“PSU Special”
Union Water Resources, River Development and Ganga Rejuvenation Minister Nitin Gadkari received a dividend cheque of Rs. 42.13 crore from CMD of WAPCOS Ltd. R K Gupta. He also presented bonus shares worth Rs. 30 crore to the Minister. The Dividend of Rs.42.13 Crore (Inclusive of Dividend Tax) is the highest ever since inception of the Company. With the issuance of Bonus Shares of Rs.30 Crore the Company’s Paid up Capital has increased by 32.5 times (from Rs.2 Crore to Rs.65 Crore), during the last seven years. Speaking on the occasion Gadkari said that in the field of major infrastructure projects, particularly in the construction of dams and reservoirs, irrigation channels, water supply and sanitation, power plants and transmission lines, ports and harbours and even in road construction, WAPCOS is an established brand name in India and abroad. He said “I have been particularly impressed with the Company’s pursuit of the Government’s goal of partnering with our friends in developing countries to build up their capacities through projects supported by India”.

Gadkari also released a book titled “WAPCOS Discovering New Horizons” which documents company’s growth journey since its inception, USPs, important projects, key achievements and recognition/ accolades received at National /International Forums on the occasion. The Minister also released a Technical Journal “WAPTECH” featuring Technical Articles/Papers in the areas of Water Resources, Power and Infrastructure Development authored by WAPCOS’ personnel on the basis of their experience and lessons learnt, for sharing of knowledge among fellow engineers and scientists

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