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EDC PAYS RS. 521.54 LAKHS TO GOVERNMENT, REPORTS STRONG FINANCIAL PERFORMANCE
Incredible Goa
|June 2025
EDC Limited, Goa's premier development finance institution, handed over cheques totaling Rs. 521.54 lakhs to the Government of Goa in a formal event attended by Chief Minister Dr. Pramod Sawant and Rajya Sabha MP Shri Sadanand Shet Tanavade. The cheques were presented by Shri B.S. Pai Angle, Managing Director, and Shri B.S. Borkar, Joint Managing Director, EDC Ltd. The amount includes Rs. 86.20 lakhs paid as dividend for the financial year 2023-24 and Rs. 435.34 lakhs towards interest on net deposits for land acquisition, which were made by various government departments and agencies with EDC for executing state infrastructure and development projects
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Robust Financial Year Performance
For FY 2024-25, EDC Ltd. reported provisional revenue of Rs. 10,476.00 lakhs and an impressive profit before tax of Rs. 8,495 lakhs. The Corporation sanctioned loans worth Rs. 11,233.00 lakhs across various sectors in Goa, while its total outstanding loans stood at Rs. 74,025.00 lakhs.
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