STC presents dividend cheque to Kamal Nath

STC presents dividend cheque to Kamal NathNew Delhi, Mar 20 : N. K. Mathur, Chairman and Managing Director, The State Trading Corporation of India Ltd. (STC) has presented a dividend cheque of Rs. 13.65 crore to Union Commerce and Industry Minister Kamal Nath here today.

STC has paid an interim dividend of 25 per cent for 2008-09 on its equity capital to the Government of India.

Speaking on the occasion, Mathur informed that payment of interim payment was being made in view of overall good performance by STC during April-December 2008, which was achieved in spite of global meltdown leading to severe liquidity crunch.

"The total turnover of STC during this period grew by 29 per cent and hoped that STC will not only be able to sustain the current level of performance, but also achieve a significant rise in its turnover and profitability in the coming years," he added. (ANI)