NT Reporter
Panaji
EDC Ltd disclosed
lower revenue and profit figures for 2025-26 compared to the previous financial year during its 408th board meeting held on Wednesday.
The corporation reported revenue of Rs 94 crore against Rs 137 crore in 2024-25. Profit before tax stood at Rs 68 crore, compared to Rs 77 crore in the previous year.
Speaking to The Navhind Times, Managing Director BS Pai Angle said the corporation had recorded a one-time income of Rs 20 crore from the sale of assets in 2024-25.
“Excluding the one-time income there is growth in the revenue and profit for 2025-26,” he said.
EDC’s non-performing assets stood at 0.3 per cent for the year.
Chief Minister Pramod Sawant chaired the board meeting, during which several policy decisions aimed at strengthening the state’s industrial, MSME and entrepreneurial ecosystem were taken.
The board sanctioned term loans and approved the accounts for 2025-26. Members also took note of new schemes and initiatives planned for the year.
EDC will announce an easy exit scheme for CMRY borrowers.
The corporation is also planning loan schemes for MSMEs investing in solar equipment and renewable energy projects, besides a working capital term
loan scheme.
The board noted that most budget announcements relating to EDC had been pursued by the corporation. EDC is also in the process of formulating a bill discounting scheme for government vendors and contractors.
