Visakhapatnam

Steel City declares 20% dividend

Vizag-based Steel City Securities Limited, a NSE-listed company, has announced final dividend of 20% for 2016-17. At the AGM held here on Saturday, a decision to this effect was taken. The company had declared 10% interim dividend in March. Currently, SCSL is operating 5,000 plus branches in over 1,000 cities across India with two lakh trading agents.

The company earned net revenue of ₹5.02 crore out of ₹1 crore on e-governance business. This year, company sources said, it will grow to at least ₹6 crore exclusively from the e-governance services because of branch expansion and implementation of GST and linking of PAN with Aadhar.

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Printable version | Jun 6, 2020 5:28:16 PM | https://www.thehindu.com/news/cities/Visakhapatnam/steel-city-declares-20-dividend/article19526344.ece

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