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CURTAIN RAISER: WAPCOS CELEBRATES 50th FOUNDATION DAY

CURTAIN RAISER: WAPCOS CELEBRATES 50th FOUNDATION DAY

Union Minister for Water Resources, River Development and Ganga Rejuvenation, Road Transport, Highways and Shipping Shri Nitin Gadkari will be chief guest of WAPCOS 50th Foundation Day being organized at Pravasi Bhartiya Kendra, New Delhi tomorrow. Union Ministers of State for Water Resources, River Development & Ganga Rejuvenation Shri Arjun Ram Meghwal and Dr. Satya Pal Singh will also grace the occasion. Shri U.P. Singh, Secretary, Ministry of Water Resources, River Development & Ganga Rejuvenation will also be present on the occasion. Dignitaries from about a dozen Countries including Hon’ble Minister of Energy & Mines of Burundi; Hon’ble Minister of Energy & Water Resources of the Democratic Republic of Congo; Hon’ble Minister of Water Resources & Sanitation from Ghana, Hon’ble Minister of Justice from Liberia; Hon’ble Minister of Mines & Energy from Liberia; Hon’ble Deputy Minister of Energy & Water from Afghanistan; Hon’ble Member of Parliament of Afghanistan and several high ranking officials attend the august event. Ambassadors and High Commissioners from several countries also graced the occasion.
WAPCOS, which was incorporated as a Public Sector Enterprise in 1969 by the Government of India, celebrates its 50th Foundation Day on 26th June, 2018. In commemoration of this historic occasion, the Company organized WAPCOS Run- Team Building Activity-Hum Fit Toh India Fit on 16th June 2018 at India Gate, New Delhi, My Tree-Plant Tree, Save Life बढ़ते हाथ, सुन्दर भविष्य की ओर” as Corporate Social Responsibility on 18th June 2018 at Bhagwan Mahvir Vansthali Park, New Delhi and Clean River Initiative Save the River –“Our River, Our Future” as Corporate Social Responsibility on 20th June 2018 at Chhat Ghat, New Delhi. These events were organized in New Delhi and simultaneously in all the Offices of WAPCOS in India and abroad. Uttasav– Celebrating Experience, Expertise and Excellence was organized on 26th June 2018 at WAPCOS Corporate Office, Gurgaon.

Key Achievements of the Water and Power Consultancy Services (WAPCOS) during the last 4 years (2013-14 to 2017-18-Provisional/unaudited) are as follows:

 Company’s Operations expended from 25 Countries (2013-14) to 46 Countries (2017-18)
 102.44% Growth in Income/Turnover from Consultancy & Engineering Projects from Rs.548.3 Crore (2013-14) to Rs.1110 Crore in (2017-18)
 98.17% Growth in Net worth from Rs.257.22 Crore (2013-14) to Rs.509.74 Crore (2017-18)
 160.3% Growth in New Business from Rs.901.25 Crore (2013-14) to Rs.2346 Crore (2017-18)
 75.58% Growth in Profitability from Rs.102.52 Crore (2013-14) to Rs.180 Crore in (2017-18)
 3 times Growth in payment of Dividend plus Dividend Tax from Rs.17.55 Crore (2013-14) to Rs. 50 Crore (2017-18)
 4 times increase in Paid-up Capital from Rs.25 Crore (2013-14) to Rs.100 Crore (2017-18)
 Secured “Excellent” rating with MoU Composite Score of 1.00 (100) during the last 9 years, in succession – This is the highest achievable score as per performance criteria of the Department of Public Enterprises, Govt. of India
 The Company has contributed about Rs.550 Crore to the Government exchequer in the form of Dividend, Income Tax, Service Tax, Dividend Tax and GST during the last 4 years
WAPCOS has successfully completed/on-going consultancy assignments in countries covering Asia, Africa, Middle East, and the Pacific Islands and is operating in more than 45 Countries, at present.

WAPCOS as a techno-commercial organization under the aegis of Ministry of Water Resources, River Development and Ganga Rejuvenation has grown into a true Indian multinational with footprints across the globe in line with Government of India’s flagship programmes on “Skill India” and “Make in India”.

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