RCIL Latest News: RailTel Corporation declares interim dividend for FY 2021-22
The RailTel Corporation of India Limited (RCIL) has declared an interim dividend at the rate of 17.5 per cent of paid-up share capital for the financial year 2021-22, a statement from the organisation said on Monday.
The RailTel Corporation of India Limited (RCIL) has declared an interim dividend at the rate of 17.5 per cent of paid-up share capital for the financial year 2021-22, a statement from the organisation said on Monday.
The total pay-out of the dividend is around Rs 56 crore, the central government public sector unit under the Ministry of Railways said.
See Zee Business Live TV Streaming Below:
The decision on interim dividend was taken at a meeting of RCIL's board of directors on Monday.
The board has also approved January 21, 2022, as "record date" for the payment of the interim dividend for 2021-22.
"RailTel continues to be a profitable company since (financial year) FY 2006-07. Despite the challenge posed by the Covid pandemic, RailTel managed to make rapid growth and recorded its highest ever consolidated income in FY 2020-21 of Rs 1,411 crore, a growth of 21 per cent, and achieving a compound annual growth rate (CAGR) of 16.6 per cent over the past three years," CMD RailTel Puneet Chawla said.
With multiple multi-crore orders, RailTel currently has a healthy order book of Rs 5,300 crore, the CMD said.
"The company is constantly expanding its existing business and constantly exploring new areas and activities to widen its profile. We are glad to share the profit with our shareholders in the form of Dividend. Our endeavour is to continuously enhance shareholder value through sustained good performance," Chawla said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Stocks To Buy For 2 Weeks: Axis Direct recommends buying these stocks for 5-15 day; check targets, stop losses
Gold now down nearly Rs 6200/10 gm from all-time highs hit in October end: Should you wait or bet on opportunity?
Exclusive: Sebi reviews authorised person regulations; discusses minimum qualification, NISM certification and deposit amount criteria
08:38 PM IST