The Chairman, Indian Tourism Development Corporation (ITDC) Umang Narula presented two dividend cheques of ITDC and KFHL for 2014-15 for the Government of India amounting to Rs.18.88 crores to the Minister of State (I/C) for Tourism and Culture Mahesh Sharma here today. Secretary (Tourism) Vinod Zutshi and senior officers of Ministry and ITDC were present on the occasion.
Addressing on the occasion, the Minister said that as per the initiatives of the Prime Minister for ‘Good Governance’ taken last year, the good results have started yielding now. The officers of his Ministry and Departments have been assigned target oriented goals with proper transparency. His Ministry had recently held a meeting with the representatives of 8 States on the issue of loss making hotels, he added.
ITDC, a PSU under the administrative control of the Ministry of Tourism has declared a dividend of 20 per cent amounting to Rs.17.15 crore for 2014-15, the highest ever in terms of amount and the highest since 2007-08 in terms of percentage and Kumarakruppa Frontier Hotels Pvt. Ltd. (KFHL), another PSU under the Ministry of Tourism has also declared a dividend amounting to Rs.4.39 crore for 2014-15.
For the financial year 2014-15, ITDC posted a robust performance registering the net profit of Rs.38.95 crores on a turnover of Rs.504.19 crores, the highest since 2007-08.
