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New Delhi : The Central Warehouse Corporation (CWC) achieved highest ever turnover of about Rs 1,710 crore during 2019-20. The Managing Director of CWC Arun Kumar Shrivasatava handed over the Dividend Cheque of Rs 35.77 crore to Union Minister for Consumer Affairs, Food and Public Distribution Ram Vilas Paswan here on May 22, 2020, in the presence of Secretary, Food & Public Distribution, Sudhanshu Pandey, and other senior officers of the Ministry and CWC. Paswan commended CWC for its good performance.
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 at the Annual General Meeting of shareholders, according to a PIB release.