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GSL declared interim dividend of Rs. 58.20 cr for FY 17-18

Goa Shipyard Ltd has recently paid Interim Dividend of Rs. 58.20 Crore at 100% of the Paid-up Share Capital of the Company during the FY 2017-18. This is against Dividend of Rs 40.74 Cr paid @ 70% on the enhanced equity capital post 1:1 bonus issue in last year (2016-17) says  a release.

GSL presented a cheque of Rs. 29.73 Cr (Govt. share) towards the interim dividend for financial year 17-18 & a cheque of Rs. 20.81 Cr (Govt. share) towards the dividend for FY 2016-17 to Govt. of India. These dividend cheques were presented by RAdm Shekhar Mital, Chairman & Managing Director to Smt. Nirmala Sitharaman, Hon’ble Raksha Mantri, Govt of India in presence of Shri Vijayendra JS (NS) & Sanjiv Mittal, FA (Acq) & AS, Ministry of Defence.

RAdm Shekhar Mital said that “Last year GSL’s VoP has grown by 42% & PBT has grown by 60%. GSL is working hard to repeat the same performance in FY 2017-18 also. Goa Shipyard Ltd is thankful to the Government, its clients, employees and all its business partners for this performance. Goa Shipyard Ltd also paid Interim Dividend 2017-18 of Rs. 27.48 Cr to Mazgaon Dock Shipbuilders Ltd. This makes a total dividend payment of Rs. 46.72 Cr to Mazgaon Dock Shipbuilders Ltd by Goa Shipyard Ltd in last six months”.

 

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