Home » National » National Seed Corporation Limited (NSC) has distributed ever highest Dividend of Rs. 12.03 Crores for 2016-17. 
The Union Minister for Agriculture and Farmers Welfare, Shri Radha Mohan Singh being presented a dividend cheque by the Chairman, National Seed Corporation, Shri V.K. Gaur, in New Delhi on October 25, 2017. The Secretary, Ministry of Agriculture and Farmers Welfare, Shri S.K. Pattanayak is also seen.

National Seed Corporation Limited (NSC) has distributed ever highest Dividend of Rs. 12.03 Crores for 2016-17. 

Newdelhi:26/10/17:National Seeds Corporation Limited (NSC) has paid ever highest Dividend of Rs. 12.03 Crores to the Government of India which is 30 % of the effective Profit After Tax (PAT). During last three years Company has paid dividend of Rs. 4.12 Crores for 2013-14, Rs. 8.12 Crores for     2014-15 and Rs. 11.46 Crores for 2015-16 respectively. Besides Corporation has paid Rs. 28.95 Crores to the Central Exchequer which comprises Rs. 2.45 Crores towards Dividend Tax, Rs. 25.35 Crores towards Income Tax and Rs. 1.15 crores towards Service Tax. In this manner, a sum of Rs.40.98 Crores has been paid to the Central Government Exchequer for 2016-17. NSC Chairman presented the cheque to the Union Minister for Agriculture and Farmers Welfare, Shri Radha Mohan Singh in New Delhi, yesterday. On this occasion Dr. S.K. Pattanayak, Secretary, and Dr. B. Rajender, Joint Secretary (Seeds), Department of Agriculture, Cooperation and Farmers Welfare, Government of India were also present.

The Union Minister for Agriculture and Farmers Welfare, Shri Radha Mohan Singh being presented a dividend cheque by the Chairman, National Seed Corporation, Shri V.K. Gaur, in New Delhi on October 25, 2017.  	The Secretary, Ministry of Agriculture and Farmers Welfare, Shri S.K. Pattanayak is also seen.

NSC is the Apex level Government Company for production and marketing of seeds under the administrative control of the Ministry of Agriculture and Farmers Welfare with adequate infrastructure, land resources and water reservoirs to produce quality seeds.  Seeds are made available to the farmers at reasonable price to ensure food security in the Country.

 

  1. OTHER FINANCIAL BRIEF 2016-17:

Total Revenue                                                                         Rs.  882.82 Crores

Profit before tax                                                                      Rs.    77.86 Crores

Increase in PBT over 2015-16                                                            16%

Net Profit                                                                                Rs.    51.80 Crores

Paid up Share Capital                                                             Rs.    57.32 Crores

Net Property, Plant and Equipments

(As on 31.03.2017)                                                                 Rs.  186.40 Crores

Earning Per Share                                                                   Rs.  903.76

Dividend Paid (Including Tax)                                               Rs.    14.48 Crores

 

These financial achievements were made by making all efforts in cost reduction & optimum utilization of resources.

 

 

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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