Saturday, June 25, 2022

EdCIL pays govt a dividend of Rs 11.5 crore for the year 2020-21

Must read

New Delhi: EdCIL (India) Limited, a Miniratna PSU under the Ministry of Education, has paid a dividend of Rs 11.5 crore to the government for the Financial Year 2020-21 (FY-2020-21) on Thursday in New Delhi. The previous year, on April 13, 2021, EdCIL had paid a dividend of Rs 12.5 crore to the government for FY 2019-20, which was the highest-ever dividend paid by the company.

The company registered a turnover of Rs 332.83 crore (highest ever turnover) and profit after tax (PAT) of Rs 36.89 crore during the year 2020-21.

Minister of State (MoS) for Education Dr Subhas Sarkar received the cheque from EdCIL’s Chairman & Managing Director (CMD) Manoj Kumar in the presence of Ministry of Education’s Additional Secretary (TE) Rakesh Ranjan, Deputy Secretary (TC) Pandey Pradeep Kumar and other senior officials of the Ministry and EdCIL on January 27.

The Minister congratulated EdCIL on its being a continuous profit-making and dividend-paying organisation which continued even during the pandemic. He further appreciated EdCIL being a pioneer organisation in the country for advisory, consultancy, digital and overseas education services.

Minister also expressed that the Skill Development Services vertical of EdCIL will result in the skill enhancement of the youth and act as a positive catalyst in terms of job creation. He also wished EdCIL to achieve new heights.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

- Advertisement -

More articles

- Advertisement -

Latest News