A dividend of Rs 16.99 crore has been paid by the Cochin Shipyard (CSL) to the Union government on October 23. This is the company's fifth consecutive year paying the dividend. The dividend consists of Rs 1.5 per Equity Share on the 11,32,80,000 fully paid equity shares of Rs 10 each.
It has also contributed Rs 158 crore to the exchequer by way of Value Added Tax, Income Tax, Fringe Benefit Tax, Excise Duty, Customs Duty and Service Tax during the year 2012-13.
The performance of Cochin Shipyard had been consistently impressive in the last several years despite a very challenging business environment in the Shipbuilding / Shiprepair and Shipping scenario.
The highlight of this year’s performance of CSL was the launching of the first indigenously built Aircraft Carrier “Vikrant”.