The public sector Cochin Shipyard Limited has paid a dividend of Rs.16.99 crore to Union Government for the seventh consecutive year. The dividend cheque was handed over to Nitin Gadkari, Union Minister for Shipping, by K Subramaniam CMD, CSL.
In addition, the yard has also contributed Rs.190 crore to the exchequer by way of VAT, Income Tax, Fringe Benefit Tax, Excise Duty, Customs Duty and Service Tax during the year 2014-15 (Business Line).
Cochin Ship Yard is one more PSU, continuing in profit. Congratulations!