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Kolkata, May 10

IFGL Refractories Ltd, manufacturers of specialised refractories and operating systems for the steel industry, has reported 41 per cent increase in profit after tax to Rs 26.24 crore on a consolidated basis for the year ended March. Total income stood at Rs 323.89 crore, a rise of 40 per cent over 2005-06. The board of directors has recommended a dividend of Rs 1.75 on each share (face value of Rs 10), according to a release.

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