Date:29/09/2005 URL: http://www.thehindubusinessline.com/2005/09/29/stories/2005092901411901.htm

Back Nizam Sugars dividend to Govt

Our Bureau

HYDERABAD: The Nizam Deccan Sugars Ltd on Wednesday paid around Rs 1 crore as dividend to the Andhra Pradesh Government.

The Nizam Deccan Sugars officials presented a cheque to the Chief Minister, Dr Y.S. Rajasekhara Reddy, in lieu of the State Government's holding of 49 per cent in the company. According to an official press release, the company has declared a dividend of 10.25 per cent on equity having posted profit after a gap of 15 years.