Date:14/06/2008 URL: http://www.thehindu.com/2008/06/14/stories/2008061451121600.htm

Business - Briefly

BGR Energy Systems recommends 20 p.c.

CHENNAI: BGR Energy Systems has recommended a dividend of 20 per cent for the year ended March 31, 2008 on equity capital enlarged by the allotment of shares under the public offer. The company has reported a net profit of Rs. 84.44 crore against

Rs. 39.20 crore in the 18 months ended March 31, 2007.

Total income was higher at Rs. 1,509.32 crore against Rs. 775.48 crore. The company secured orders worth Rs. 2,551 crore, a growth of 46 per cent over the previous period.

The company’s oil and gas equipment division and air fin cooler division have aggressive plans to increase the share in the international business in the equipment business segment. — Corporate Reporter