Ministry of chemicals and fertilizers has clarified that it has received highest ever dividend of 28.4 percent for the FY 2019-20 amounting to Rs 117.51 crore from Rashtriya Chemicals & Fertilizers Limited (RCF). In addition, RCF has also handed over an interim dividend of Rs 49.65 crore for FY 2020-21 to the government.
RCF is a leading fertilizers and chemicals manufacturing and trading company with about 75 percent of its equity held by the Government of India. Besides fertilizer products, RCF also produces a large number of industrial chemicals.
It is worth remarkable that despite of Covid pandemic, the company has been able to register net profit of Rs 221.09 crore in the current FY (up to December 2020) as compared to Rs 65.87 Crore achieved during the corresponding period of previous year.
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Knowledge Source:
Income Tax Refund of Rs 1,93,455 Crore Issued till 15th February 2020