The Ceremony was conducted in the presence of Ms Rashmi Verma, Secretary, Ministry of Tourism; Shri Suman Billa, Joint Secretary, Ministry of Tourism; Mr Piyush Tiwari, Director Commercial & Marketing, ITDC; Mr. P K Das, Director Finance & CFO, ITDC along with other senior officials of Ministry of Tourism and ITDC at the Minister’s office, Transport Bhawan, New Delhi.
India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, had declared a dividend of 13.30% on the equity share capital of the company amounting to total of Rs.11.41 crore for 2016-17. The decision for the payment of Dividend was taken during ITDC 52nd Annual General Meeting held at the Group’s flagship hotel, The Ashok, New Delhi.
For the financial year 2016-17, ITDC posted a robust performance where total turnover stood at Rs 495.14 cr as compared to Rs. 465.69 cr in last financial year clocking a growth of 6.32%. Revenue from operations stood at Rs. 473.15 cr as compared to Rs. 437.13 cr in the last fiscal. Corporation posted profit before tax (PBT) of Rs.17.52 cr and profit after tax (PAT) of Rs.12.05 cr in 2016-17 against Rs. 32.42 cr and Rs. 22.55 cr respectively in the previous year.