Tuesday, 22 October 2013

Steel Minister Receives Dividend Cheque from MSTC Limited

Union Minister of Steel Beni Prasad Verma was handed over a dividend cheque of Rs. 23.72 Crore for the financial year 2012-13 by the CMD of MSTC, Shri S. K. Tripathi here today.   The Minister expressed his happiness over the company’s increasing profits and turnover. Shri Verma exhorted MSTC to diversify into e-auction of various other articles so as to establish a firmer market presence.   In the Annual General Meeting held on 27th September 2013, MSTC’s dividend was declared at 300% of the paid up equity capital for the financial year 2012-13.   MSTC registered a record Profit before Tax (PBT) of Rs.193 Crore during the financial year 2012-13, which is about 10% more than the previous year. The total volume of business during the year was Rs.25, 506 Crore. The company registered an increase in the company’s reserve by around 16%.   The Secretary, Ministry of Steel Shri G. Mohan Kumar was also present on the occasion.

Sandip Ginodia
We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

For more info and regular updates about unlisted shares  :
Follow our blog : www.abhisheksecurities.blogspot.in .

No comments:

Post a Comment

Please leave your name and email id along with the comment .
Get the updates from this blog direct to your inbox . Fill in your email id on the home page.