Business Daily from THE HINDU group of publications
Wednesday, Jun 27, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Jun 27, 2007 ePaper |
|
|
|
|
|
|
|
Corporate
-
Dividend Announcement Corporate Results - Steel PSL Q4 net, income down; dividend at Rs 2.5 Our Bureau
Mumbai June 26 PSL Ltd, a Rs 1,600-crore pipe manufacturing company, has reported 17.76 per cent dip in net profit for the quarter ended March 2007 to Rs 12.96 crore against Rs 15.76 crore during the corresponding previous period. Total income was also down to Rs 411.5 crore (Rs 474.8 crore). Net sales dipped 14.31 per cent to Rs 401 crore (Rs 468 crore). The company has announced a dividend of Rs 2.50. For the year, the company reported 26 per cent jump in net profit to Rs 62.16 crore (Rs 49.16 crore). Net sales were up 3.34 per cent at Rs 1,608 crore (Rs 1,556 crore). Total income was marginally up 3.3 per cent at Rs 1,608 crore (Rs 1,556 crore). On the BSE on Tuesday, the company's share closed 1.52 per cent down at Rs 279. Meanwhile, PSL has emerged as the lowest bidder for supply of 30-inch diameter pipes to IOC's gas pipeline project. The pipes are for transporting gas from Dadri to Panipat. With a bid of Rs 165 crore, PSL bagged the tender, its sixth in domestic oil industry pipeline tenders. "We expect a large share of the proposed gas pipeline network to be built by GAIL, GSPL and other domestic players, all of whom have recently announced plans for building gas pipeline networks," said a release. Its order book on receipt of the IOC order will exceed Rs 2,400 crore. PSL's total installed capacity is about 1.175 million tonnes a year.
More Stories on : Dividend Announcement | Steel
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|