GMR Industries Board recommends 15% dividend

GMR Industries Ltd has announced that the Board of Directors of the Company at its meeting held on June 28, 2007, inter alia, has taken the following decisions:

1. Recommended a 15% equity dividend and 8% fixed dividend on preference shares.

2. Decided to set up another integrated Sugar Complex with a capacity of 2500 TCD expandable to 3500 TCD, In Srikakulam District, Andhra Pradesh.

Source : Equity Bulls

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