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Nagarjuna Fertilisers and Chemicals Ltd (NFCL) has posted a 24 per cent rise in its net profit for the quarter ended March 31, 2001, at Rs 28.48 crore, up from Rs 23.04 crore in the corresponding period of the previous fiscal, mostly driven by higher sales.
During the quarter, its total income was up by 51 per cent to touch Rs 781.99 crore, against Rs 517.17 crore in the year-ago period. The board of directors recommended a dividend of Re 1 per share for the year 2010-11. The company is in the process of demerging its oil business into Nagarjuna Oil Refinery Ltd.
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