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Kolkata, July 1

The board of directors of CESC Ltd has recommended a dividend of 40 per cent (Rs 4 on each equity share of the face value of Rs 10) on the paid-up share capital of the company for the year ended March 31. In a communiqué to the stock exchanges, CESC has said that the company earned an income of Rs 2,904 crore in 2007-08, against Rs 2,573 crore in 2006-07. The net profit in 2007-08 stood at Rs 627 crore compared with Rs 637 crore in 2006-07.

— Our Bureau

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