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Bangalore, Oct. 19

Ingersoll Rand India Ltd has declared an interim dividend of Rs 3 per share (30 per cent) for fiscal 2006-07 on the back of surging profits during the quarter ended September 30. The company reported a net profit of Rs 14.7 crore for Q2 of 2006-07 against Rs 5.34 crore for the corresponding quarter in 2005-06. Its total income registered a 54 per cent increase to Rs168.42 crore (Rs 108.8 crore). The interim dividend will be paid in November, a company release said.

(This article was published in the Business Line print edition dated October 20, 2006)
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