HEG Board recommends 50% dividend

HEG Ltd has announced that the Board of Directors of the Company at its meeting held on April 26, 2007 has recommended payment of dividend @ 50% i.e. Rs 5.00 per Equity Shares for the period ended March 31, 2007, subject to the approval of shareholders of the Company.

Further the Board has also approved Capital Expenditure of approximate Rs 115.00 Crores for setting up a second Thermal Captive Power Plant of 30 MW and an additional New Tunnel Kiln at its unit at Mandideep, Near Bhopal.

The stock closed the day at Rs.189.80, up by Rs.5.95 or 3.24%. The total traded quantity was 197118 compared to 2 week average of 41308. The stock hit an intraday high of Rs.195.85 and intraday low of Rs.186.

Source : Equity Bulls

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