India: Goa Shipyard Declares and Pays Dividend for Financial 2011-12

Shri A.K. Antony Hon’ble Raksha Mantri Govt of India was presented a dividend cheque of Rs 8.77 Cr. by RAdm (Retd) Vineet Bakhshi VSM Chairman & Managing Director Goa Shipyard Ltd (GSL) in New Delhi on September 25, 2012. Shri Shekhar Agarwal, Secretary Defence Production and other senior Ministry of Defence officials were present on the occasion.

GSL has declared and paid dividend of 59% of the paid-up share capital for the financial year 2011-12.

Honorable Raksha Mantri congratulated Goa Shipyard Ltd for its good performance and wished them good luck in future.

During the financial year 2011-12, the Company has achieved a Value of Production of Rs 676 Crore and earned a Net Profit of Rs 83 Crore. GSL has been consistently a profit making & dividend paying company, which also declared bonus shares twice in the past.

[mappress]

Shipbuilding Tribune Staff, September 27, 2012; Image:goashipyard