CWC reports record turnover of over Rs 1700 crore

Public sector warehousing major, the Central Warehouse Corporation (CWC), has reported record turnover in 2019-20. The company has achieved turnover of about Rs.1710 crore which is its highest annual earning figure.

The Managing Director of CWC, Arun Kumar Shrivasatava, recently handed over the dividend cheque of Rs 35.77 crore to the Union Minister for Consumer Affairs, Food and Public Distribution Ram Vilas Paswan in the presence of Secretary, Food & Public Distribution. CWC has declared interim dividend for the year 2019-20@95.53% of its paid-up capital as against 72.20% last year. Out of total dividend of Rs 64.98 crore, the Government of India share is Rs 35.77 crore as 55% equity is held by the Government of India. The final dividend for the year 2019-20 shall be declared in the Annual General Meeting of shareholders.

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