TIL reports gross profit of Rs 28.63 crore

By Staff
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Google Oneindia News

Kolkata, Apr 15 (UNI) TIL Limited, a leading India's infrastructure sector with its technology intensive heavy engineering product, has reported a gross profit of Rs 28.63 crore.

A company release said here today that for the year ended 31st March 2007, TIL's PBT rose to Rs 28.63 crores from Rs 18.85 crores in the previous year registering an increase of 52 per cent.

The board has recommended dividend of Rs 3 per share on share of Rs 10 each (30 per cent). The group posted a consolidated PST of Rs 35.50 crores for the year ended 31 st March, 2007 as against Rs 21.28 crores in the previous year representing a growth of 67 per cent.

The consolidated total income of the group has also increased from Rs 548.90 crores in 2005-2006 to Rs 773.12 crores showing a growth of 41 per cent.

Commenting on TIL's healthy performance, Managing Director and CEO Sumit Mazumder said, ''The year has been eventful for the company with many achievements and noteworthy successes. In line with the sustained growth track of Indian economy, the company has geared itself to take full advantage of the emerging opportunities in the market and has taken many new initiatives focussing on technology and product support.'' TIL's wide range of equipment provide a critical input to infracture growth catering to the requirements of core industries-Engineering&Construction, Mining, Oil and Petrochemicals, Irrigation, Steel, Chemical and Fertilizer pllants, Hydel and Thermal power projects.

UNI

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