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Our Bureau

Thiruvananthapuram , Nov. 3

REHABILITATION Plantations Ltd (RPL), a joint venture of the Kerala Government and the Centre, has paid a dividend of Rs 41.17 lakh to the State Government for 2003-04.

The company, which was set up with the objective of providing employment to the repatriates from Sri Lanka as per the Indo-Ceylon Agreement, now employs 1,400 people drawn from 700 families. It owns 2,035 hectares of rubber plantations on leased forest land.

The authorised capital of the company is Rs 3.50 crore. Of the paid-up capital of Rs 339.27 lakh, the share of the Centre is Rs 133.42 lakh and that of the Kerala Government is Rs 205.85 lakh.

The company has already paid Rs 26.68 lakh to the Centre as dividend for the year.

According to a statement from RPL, the company has been making profit since 1980-81. During 2003-04, it made a profit before tax of Rs 6.58 crore. It has now taken up replanting of rubber trees in its estates in a phased manner at a project cost of Rs 66 crore.

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