CWC Achieves Yet Another Record Turnover

Sarkaritel
By Sarkaritel September 22, 2014 10:46

CWC Achieves Yet Another Record Turnover


New Delhi, Sept 22: The Central Warehousing Corporation (CWC) achieved yet another record turnover of Rs.1528.19 crore during 2013-14 as against Rs.1406.70crore earned during 2012-13, thus recording a growth of 8.64%.The Profit Before Tax (PBT) and Profit After Tax (PAT) also increased by 22.58% and 15.41% respectively over the preceding year. Addressing the shareholders during the 52nd Annual General Meeting held on 20th September, 2014, B.B. Pattanaik, Managing Director stated that this could be possible due to addition of constructed storage capacity by 2.03 lakh MT in 14 States with a capital investment of Rs.102 crore, operation of Cargo Terminals at Integrated Check Posts (ICPs), CRT operations etc.  

22cwc_turnover

Keeping in view the national priority for safe storage of foodgrains, utilization of capacity for storage of foodgrains was given due priority.CWC handled 10.36 lakh TEUs during 2013-14 despite slump in the IMPEX trade.During 2013-14 CWC continued to operate Cargo Terminal of Integrated Check Post (ICP) at Attari on Indo-Pak border entrusted to CWC by the Department of Border Management, Ministry of Home Affairs. CWC handled 85,484 export/import trucks as against 74,847 export/import trucks handled during 2012-13 and earned a gross revenue of Rs.39.28 crore during 2013-14 as against Rs.33.12 crore earned during 2012-13. CWC also commenced operation of the Cargo Terminal at ICP, Agartala in November 2013 to facilitate border trade with Bangladesh.

Keeping in view the improved financial results, CWC declared dividend @ 48% for the year 2013-14 as against 41% paid for 2012-13.

During 2014-15 CWC plans to construct additional storage capacity of about 2.00 lakh MT across the country with a CAPEX of about Rs.120 crore.

Sarkaritel
By Sarkaritel September 22, 2014 10:46