The Hindu Business Line : Cotton Corp pays Rs 5-cr dividend

NEW DELHI: The Cotton Corporation of India (CCI) on Monday presented a cheque of Rs 5 crore as dividend to the Government for 2003-04. The company posted a higher turnover of Rs 1,049.49 crore last year, against Rs 971.53 crore in 2002-03.

The CCI Chairman-cum-Managing Director, Mr Vishwa Nath, presented the cheque to the Union Textiles Minister, Mr Shankar Sinh Vaghela.

CCI made a profit before tax of Rs 12.78 crore, despite fierce competition from private trade both in domestic as well as in export sales, an official release said.

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