Sunday, Sep 24 2023 | Time 14:56 Hrs(IST)
Business Economy

GSL reports PBT of Rs 135 Cr during FY 21-22

Panaji, Oct 1 (UNI) Goa Shipyard Limited (GSL) reported profit before tax (PBT) of Rs 135 crore during the financial year 2021-22, an official statement said on Saturday.

Net worth of the company has reached an all time high of Rs 1,148 core and while gross revenue stood at Rs 865 crore.

In its 56th Annual General Meeting (AGM) held on September 29, 2022, Goa Shipyard Limited (GSL) Chairman and Managing Director (CMD) Brajesh Kumar Upadhyay said the overall performance of the Yard was positive.

A final dividend of Rs 1.10 per equity share of Rs 5.00 each for FY 2021-22 was declared at the AGM, which was in addition to the interim dividend of Rs 3.25 declared during the year, he said.

Thus, the total dividend for FY 2021-22 is Rs 4.35 per equity share being 87% on Paid-up Share Capital, he added.

“By delivering the last two vessels of five Offshore Patrol Vessel (CGOPV) projects to the Indian Coast Guard within the stipulated delivery dates, GSL had once again proved its operational excellence and thus successfully culminated five CGOPV projects amid multiple challenges. With these deliveries, the total count of platforms delivered reached to 227, a remarkable achievement for the yard,'' he said.

''The construction of two highly technologically advanced Frigates for the Indian Navy is currently under progress. The Yard is also executing the contract for construction of two Pollution Control Vessels and eight Fast Patrol Vessels for the Indian Coast Guard,” he added.
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