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Kolkata, July 1

During the year ended March 31, 2009, Electrosteel Castings Ltd posted 38.07 per cent increase in net sales at Rs 1,838.04 crore (Rs 1,331.23 crore in 2007-08) and nearly 170 per cent jump in net profit at Rs 140.39 crore (Rs 52.02 crore), according to a company release. The board of directors recommended a dividend of Rs 1.25/share of Re 1. The work on the 2.2-mtpa integrated steel project is progressing satisfactorily, the press release adds.

– Our Bureau

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