Tuesday 19th October 2021

CWC ACHIEVES YET ANOTHER RECORD TURNOVER

Sep 29th, 2015 12:49 am | By | Category: TOP STORIES

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The Central Warehousing Corporation (CWC) achieved yet another record turnover of Rs.1561.83 crore during 2014-15 as against Rs. 1528.19 crore earned during 2013-14. The Profit After Tax (PAT) also increased to Rs.182 crore during 2014-15 as compared Rs.161 crore thereby registering an increase of over 13%. Addressing the shareholders during the 53rd Annual General Meeting held on 28th September, 2015, Harpreet Singh, Managing Director stated that this could be possible due to
addition of constructed storage capacity by 1.78 lakh MT at 26 locations in 12 States with a capital investment of Rs.110 crore, operation of Cargo Terminals at Integrated Check Posts (ICPs), CRT operations etc. This has been made possible by attracting alternate agri-business and also business in industrial warehousing segment. Keeping in view the national priority for safe storage of foodgrains, utilization of capacity for storage of foodgrains was given due priority.The overall capacity as on 31.3.2015 has increased to 115 lakh MT as against 105 lakh MT in the previous year. CWC handled
9.51 lakh TEUs during 2014-15 despite slump in the IMPEX trade. During 2014-15 CWC continued to operate Cargo Terminal of Integrated Check Post (ICP) at Attari on Indo-Pak border. CWC handled 79,867 export/import trucks as against 74,847 export/import trucks and earned a gross revenue of Rs.50 crore during 2014-15 as against Rs.39 crore earned during 2013-14. Cargo Terminal at ICP, Agartala handled 30,480 export/import trucks as against 7167 export/import trucks handled during previous year to facilitate border trade with Bangladesh. Keeping in view the improved financial results, CWC declared dividend @ 54% for the year 2014-15 as against 48% paid for 2013-14.

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