Central Warehouse Corporation reports highest ever turnover of Rs 1710 crore

May 23, 2020: The Central Warehouse Corporation (CWC) achieved the highest ever turnover of about Rs 1710 crore during 2019-20. The CWC managing director Arun Kumar Shrivasatava handed over the dividend cheque of Rs 35.77 crore to the union minister for consumer affairs, food and public distribution Ram Vilas Paswan in the presence of secretary, food & public distribution, Sudhanshu Pandey and other senior officers of the ministry and CWC. Paswan commended CWC for its good performance.

CWC has declared an interim dividend for the year 2019-20 at 95.53 percent of its paid-up capital as against 72.20 percent last year. Out of total dividend of Rs 64.98 crore, the Government of India share is Rs 35.77 crore as 55 percent equity is held by the Government of India. The final dividend for the year 2019-20 shall be declared in the Annual general meeting of shareholders.