Indian Medicines Pharmaceutical Corporation pays Rs 1.65 crore dividend to AYUSH ministry, U'khand govt
The IMPCL has paid 15 percent dividend on profit after tax (PAT) which comes to Rs 1.66 crore.;
New Delhi: Indian Medicines Pharmaceutical Corporation (IMPCL), a central public sector enterprise (CPSE), working under the Ministry of AYUSH, Government of India, has announced to pay a dividend of Rs 1.65 crores to its stakeholders – Ministry of Ayush and Government of Uttarakhand.
The dividend, in the form of a cheque, was handed over to Ayush Minister Shri Sarbananda Sonowal in a ceremony held at Ayush Bhawan.
Acknowledging the fact that IMPCL is a Mini Ratna company, the Minister said that Ayush system of medicines are being recognized worldwide and the market size is increasing as well. The IMPCL has paid 15% Dividend on Profit After Tax (PAT) which comes to Rs. 1.66 cr. The dividend proportion to Rs. 1.63 cr. to Government of India and Rs. 3 Lakhs to M/s KMVN ltd for the year 2020-21.
IMPCL is a Public Sector undertaking under the administrative control of M/o Ayush. It is a joint Venture Company with the Govt. of India having a share of 98.11% and the Govt. of Uttarakhand having a share of 1.89%. Certification line Company is presently manufacturing 656 Classical Ayurvedic, 332 Unani and 71 Proprietary Ayurvedic Medicines for the various diseases spectrum.
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