RIL announces 20 percent dividend on equity shares

Kolkata, Jun 25 (UNI) Ramsarup Industries Limited(RIL), a Kolkata based leading steel wires and TMT bars manufacturer today announced 20 per cent dividend on equity shares.

CMD, Ramsarup group, Ashish Jhunjhunwala said the company has posted a profit at Rs 59.42 crore as compared to last years Rs 43.56 crore.

The export has jumped to Rs 95.73 crore as against 71.44 of last year while the net income for the fiscal ending on March 31 stood at Rs 1581.85 crore, 21 per cent up from Rs 1306.02 crore last year.

The EPS of the company was Rs 33.82 as compared to Rs 24.76 in last year, he said.

"we are aggressively persuing our plans to produce 6,00,000 metres of steel wires and finished wire products by 2010" he added.

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