Thursday, August 13, 2009

WAPCOS pays highest ever dividend


Shri Pawan Kumar Bansal, the Union Minister of Water Resources received a Dividend Cheque from Shri D. Datta, CMD, WAPCOS in his office here today. Shri U. N. Panjiar, Secretary (Water Resources) and other senior officers from Ministry of Water Resources and WAPCOS were present on the occasion. 

WAPCOS has paid dividend of 175% of its paid-up capital for the year 2008-2009, highest ever since its inception in 1969. It has declared a composite score of 1.0, which is the highest achievable score as per the MOU evaluation system of the Ministry of Heavy Industries & Public Enterprises. 

WAPCOS has performed exceedingly well, consistently during the last 6 years after a remarkable turnaround in the year 2003-2004. It has achieved “Excellent” Rating on the basis of its performance in all Financial & Dynamic parameters under MOU such as Gross Margin; Net Profit; Turnover; New Business; Project Implementation; Human Resources Development and Customer Satisfaction etc. 

WAPCOS Limited is a “Mini Ratna”, Government of India Enterprise under the aegis of Union Ministry of Water Resources. It provides consultancy services in the critical areas of water resources, power and infrastructure development. It has successfully completed/on-going consultancy assignments abroad in 40 countries and is registered with various international funding agencies for participating in the funded projects. Currently, It has ongoing projects in Afghanistan, Bhutan, Cambodia, Laos, Mozambique and almost all States in India.

No comments: