Date:03/05/2008 URL: http://www.thehindu.com/2008/05/03/stories/2008050352811500.htm

Business - Briefly

Tube Investments pays Re. 1 per share

CHENNAI: Tube Investments of India has recommended a dividend of Re. 1 per share (face value of Rs. 2) for the year ended March 31, 2008. The company has reported a total revenue, net of excise duty of Rs. 1,762.33 crore against Rs. 1,615.04 crore in 2006-07. The turnover of the bicycle division has increased by 13 per cent to Rs. 577 crore and that of the engineering division by five per cent to Rs. 816 crore. — Corporate Reporter