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Ahmedabad June 8 The Ahmedabad-based AIA Engineering Ltd, engaged in manufacturing high chrome mill internals, has declared a dividend of Rs 3.50 (35 per cent) per equity share of Rs 10 each, the company said in a release here on Friday.

According to audited results approved by its board yesterday, the company on a consolidated basis achieved net sales of Rs 523 crore for the year ended March 31, which signifies a growth 28 per cent over the sales achieved during 2005-06. For the year, the consolidated profit before tax (PBT) is Rs 130.12 crore and the profit after tax registered 80 per cent growth at Rs 94.32 crore.

More Stories on : Engineering | Dividend Announcement | Gujarat

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