Empower Industries Board declares interim dividend

Empower Industries India Ltd has announced the launching of sophisticated power electronics products involving power conversion / regulation technology employed in Space satellite Research and Defence operations as mobile and tactical electric power is in final stages of negotiations for a Joint Venture arrangement with an internationally renowned firm, viz. SPS Inc., USA. After which the Company will set up a separate manufacturing facility for Power Supply / Power conversion equipment which are patented under various international laws.

This technology is embedded in a wide range of products such as High Powered Power Supply, Amplifiers & Comparators, Diodes & Rectifiers, Switches, Power Drivers & Controllers, Voltage Regulators, Transistors, Temperature management equipment, etc., which are employed in commercial and industrial sectors as well. The High Powered Power Supply contract accounts for a turn-over of Rs 700 million in the next five years, whereas the sales generation for Power Supply for LED Televisions is place at Rs 1500 million for the said period.

It will be observed from the above that by undertaking the manufacture of these now products for which the Company has a committed buyer in the form of SPS, the Company stands to benefit substantially in terms of profitability and reputation on the international market.

The Company's Board Meeting held on January 23, 2007, has announced a Interim Dividend of 18% for the period FY 06-07.

Source : Equity Bulls

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