MSTC declares bonus
issue :
Steel Minister,Beni
Prasad Verma reviewed the performance of MSTC Limited wherein secretary,steel
DRS Chaudhary was also present.SK Tripathi,CMD,MSTC Limited,made an elaborate
presentation of the present status,future plans and challenges of MSTC.
Tripathi said that
five years ago the volume of business of the company was 7,700 crore and this
has increased to 21,751 crore in 2011-12.MSTC has scripted continuous growth in
profit in the last three years.In 2011-12 profit before tax was 176 crore.MSTC
has a unique distinction of having 58 lakh per employee profit which is an all
time record for the service sector in India.
MSTC has declared
issue of bonus share at the ratio of 3:1.It may be recalled that MSTC also
issued bonus share @1:1 in the year 1993.MSTC has handed over a dividend cheque
to the minister for 2011-12 @ 1077 per cent.
Sandip Ginodia
ABHISHEK SECURITIES
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