Date:28/04/2005 URL: http://www.thehindu.com/2005/04/28/stories/2005042804141705.htm

Business - Briefly

IPCL pays 45 per cent

MUMBAI: Indian Petrochemicals Corporation has announced a dividend of 45 per cent for the year ended March 31, 2005. It has achieved a net profit of Rs. 336 crores for the quarter ended March 31, 2005 against Rs. 9.90 crores in the corresponding period in the previous year. For the 12 months ended March 31, 2005, the company posted a net profit of Rs. 786 crores against Rs. 273 crores in the previous year.