Mysuru: The Mysore Paints and Varnish Limited (MPVL), a State government undertaking which achieved a turnover of Rs. 28.46 crore, made a profit of Rs. 6.18 crore (profit before tax) during the…
Mysuru: The Mysore Paints and Varnish Limited (MPVL), a State government undertaking which achieved a turnover of Rs. 28.46 crore, made a profit of Rs. 6.18 crore (profit before tax) during the financial year 2016-17.
MPVL has declared a dividend of 25% for the year 2016-17 to its shareholders. The Karnataka government being one of the shareholders, owns 91.39% equity holdings in the company and is entitled for a dividend of Rs 23,68,250.
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