Summary:
Shri Dagur pointed out that India has continued to be amongst the fastest-growing major economies in the world and is expected this trend to continue in the future.
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43rd Annual General Meeting of the Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) was held on September 26th, 2019 at Bharuch.
Shri M S Dagur, Managing Director of the Company, who chaired the AGM, informed that GNFC posted Rs.
741 Crores Profit After Tax in the Financial year 2018-19.
Proposed Dividend @ 70% was approved by the shareholders. This announcement reflects a sustained and stable return on investment of the Shareholders.
Shareholders in the meeting, welcomed the announcement wholeheartedly.
Addressing the AGM, Shri Dagur put in perspective overall view of global and Indian economic trends.
Shri Dagur pointed out that India has continued to be amongst the fastest-growing major economies in the world and is expected this trend to continue in the future.
In the financial year 2018-19, GNFC established total 148 nos.