OCL India Board recommends dividend

Mumbai, May 15: OCL India Ltd has recommended dividend at the rate of 50 per cent on equity shares subject to approval of shareholder, the Company informed BSE that the decision was taken during the meeting of the Board of Directors of the Company held on May 15, 2006.

OCL has approved capital expenditure of Rs 7000 million + 10% increase in the cement capacity from existing 1.8 million tonne per annum to 3.8 million tonne per annum.

UNI