Business Daily from THE HINDU group of publications
Thursday, Jun 26, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, Jun 26, 2008 ePaper | Mobile/PDA Version | Audio |
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Corporate Results
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Steel PSL net profit rises 36% Mumbai, June 25 Pipe manufacturer PSL Ltd has posted a 36 per cent rise in net profit at Rs 84 crore for the year-ended March 31, 2008, as against Rs 62 crore logged the previous year. Revenues in fiscal 2008 went up by 40 per cent to Rs 2,621 crore (Rs 1608 crore). PSL said its board of directors on June 24 recommended a total dividend of Rs 5 a share (inclusive of interim dividend of Rs 2.50 a share paid in January 2008) on the fully paid up equity share of Rs 10 each. Mr Ashok Punj, Managing Director, said as on June 24 the order-book stood at over Rs 6,200 crore. The 300,000 tpa facility coming up in the US through PSL North America LLC (US subsidiary) was scheduled for commissioning in the second quarter of the financial year 2009. -Our Bureau
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